This session focused on utilizing FedNow for real-time payments and optimizing payment processing. Our presenter, Nathra, discussed Elire’s services and expertise, as well as details on FedNow, real-time settlements, financial activity, and implementation.
FedNow, introduced by the Federal Reserve for instant payments in the U.S., enables safe and efficient real-time payments through financial institutions and service providers. Key benefits include 24/7 payment processing, enhanced cash flow management, and instant payment flexibility.
FedNow operates as an instant payment infrastructure between financial institutions and service providers, not consumer-facing applications like Zelle or PayPal. The importance of real-time payments and industry comparisons are discussed in this webinar, as is the security and efficiency of FedNow. Viewers will learn about the key benefits for individuals, businesses, and the future of real-time global payments.