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Themes & Takeaways From the 2022 Real-Time Payments & Fraud Management Summit 

Perficient

Our Payments Practice recently had the opportunity to represent Perficient at the 2022 Real-time Payments & Fraud Management Summit held in New York City. . As we head into 2023, the international ISO 20022 data standard will serve as the backbone of various new payment services that will enable real-time payments in the U.S.

Fraud 275
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FedNow’s Montgomery: Gearing Up For 2023-24 — And Instant Payments Competition

PYMNTS

In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the central bank’s ambitious payments initiative remains on track — and will inject competition into the instant payments market. He noted there has been additional input from the FedNow Community of 700 members.

Payments 244
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Now is the time to prepare for the FedNow launch

Independent Banker

The FedNow Service is launching in early 2023, giving community banks about a year to plan. 2022 will be a big year as we move from development to pilot testing and begin to engage more with financial institutions in active planning,” says Nick Stanescu, senior vice president, FedNow business executive, the Federal Reserve Bank of Boston. “We

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Fed Says America Needs Instant Payments As Soon As Possible

PYMNTS

As for a time frame for launching the new system, Fed officials said in a webcast detailing the particulars that FedNow would debut in 2023 or 2024 and would take a phased approach to implementation. Combatting Fraud — And Addressing Competition And Costs . A Liquidity Boost? . FedNow Will Augment Private Systems, Not Replace Them .

America 189
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What Amazon HQ2, Interchange Fees And Facebook Have In Common

PYMNTS

We had roughly 340 execs register to listen live to the two of us banter about the people, processes and tech necessary to do more than simply rebrand what’s typically described as the fraud and risk departments of digital platforms. I joked that I’d be a shoo-in for the job. All while keeping prices low for consumers.

Cards 169
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Efficiency now: 8 smart strategy tips

Independent Banker

Before 2022, says Thomas Grottke, managing director at Crowe LLP, “a lot of factors were going right. I counsel my community banks to be careful about extreme growth in rising rate environments,” says Jim Adkins, managing partner at Artisan Advisors in Barrington, Ill. Play the long game. Connors, Jr.,

Strategy 135
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Payment Rails Present Many Paths To B2B Payments Optimization

PYMNTS

The service is fully automated using the company’s proprietary blockchain platform, the company said, adding that the feature can help support businesses’ own supplier payments and cash flow management as a result of having quicker access to funds. According to the Fed, the rollout of FedNow remains on track for 2023 or 2024.

Payments 130