FIs adopting RTP mainly as ‘receive-only’

Adoption of the Federal Reserve’s instant payments platform, FedNow, is growing, however, of the more than 800 financial institutions using it, most are doing so in receive-only mode.  Eighty-six percent of banks and 73% of credit unions are signed up with FedNow, The Clearing House and other vendor solutions as receive-only institutions, according to a […]