As we head into 2023, there is speculation on how the FedNow launch will ultimately unfold and impact the faster payments landscape. For payments organizations and financial institutions (FIs) that have been hesitant in their adoption strategies, the impending launch could mean real pressure to make quick decisions on what to choose, but they must also consider how that choice could impact them, especially when it comes to their back-office operations. In this article in The Green Sheet, BHMI’s CEO Jack Baldwin looks at the opportunities, challenges and, and considerations for FedNow adoption.
Countdown to FedNow – The Challenges and Impacts