Feb 4, 2025 · FIS is one of the first technology providers certified to enable send capabilities for credit transfers in the Federal Reserve’s FedNow® instant payment service. FIS now supports the full payments lifecycle in FedNow, providing consumers and commercial borrowers with a holistic, human-centric instant payments experience.

Feb 4, 2025 · FIS now supports the full payments lifecycle in FedNow, providing consumers and commercial borrowers with a holistic, human-centric instant payments experience.

Jul 7, 2023 · FIS is among the first in the fintech industry to complete testing and certification for the FedNow Service®. By completing the certification, FIS can help its financial institution clients tap into 24x7x365 instant payments through the FedNow Service.

Feb 4, 2025 · Key facts. FIS is one of the first technology providers certified to enable send capabilities for credit transfers in the Federal Reserve’s FedNow ® instant payment service.. FIS now supports ...

Feb 4, 2025 · FIS is one of the first technology providers certified to enable send capabilities for credit transfers in the Federal Reserve’s FedNow ® instant payment service. FIS now supports the full ...

By completing the certification, FIS is fully ready to help its client financial institutions tap into the FedNow Service, ultimately enabling them to provide customers with 24x7x365 instant payments, improve their competitiveness, and build new products.

The FedNow Service will provide a springboard for financial institutions (FIs) to offer innovative instant payment solutions and help them meet the growing demand for these services.

The FedNow Service’s liquidity management transfer (LMT) feature enables FIs to send funds to each other — either directly or through service providers — to support instant payment liquidity needs.

With the FedNow Service, funds settle between participating financial institutions (FIs) in real time, which means there’s no buildup of interbank obligations or short-term credit risk. And end users have access to their money immediately. Initial features of the FedNow Service include: Who Can Use the FedNow Service?

Q. When will FIS offer FedNow? How will availability be communicated to institutions? Contracts for FedNow are currently being offered with a general availability scheduled for Q3 2023. FIS has been officially certified by the Federal Reserve for FedNow as of May 31st 2023. Q. What is the FIS value proposition? Why should they sign with FIS now ...