Welcome to the May 2022 issues of NEACH’s Innovating Payments Executive Summary. In this month’s issue, the Federal Reserve announced it launched the initial testing phase of its FedNow SM Pilot Program and began onboarding pilot participants onto the FedNow Service, with a few organizations...
Payments digitization continues to accelerate as COVID restrictions lift with financial institutions and their customers working to redefine their relationship in the aftermath. In this month’s issue, we continue to examine the impact of the pandemic and how financial institutions — and the...
As the world eases into a “new normal,” financial institutions are ramping up and responding to the changes wrought by COVID-19. A burst of momentum and new developments in faster and real-time payments paint a clear picture of the future and a clarion call to action for financial institutions:...
Although COVID-19 restrictions are beginning to ease in some parts of the country, aftershocks are still rippling out, affecting every segment of the industry, including real-time payments. The fact that a significant number of consumers said they would switch from their current financial...
As we turn the corner into spring, the digital shift continues to accelerate as the industry adapts to shifting consumer perspectives and expectations in the wake of COVID-19. In response, financial institutions are developing new solutions, forging strategic partnerships with FinTechs, and...
As we turn the page on another year, there are several trends to keep an eye on. For example, COVID’s continuing impact on payments, and more specifically, the acceleration of payments modernization, continues to drive change in the industry. Our recent 2021 predictions post dives into some of...
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