The FedNow Service Turns One!
Saturday, July 20, 2024
July 20 marks the 1st anniversary of the Federal Reserve's FedNow Service®, the instant payments rail poised to modernize the US payment system and already accelerating the speed and ease of money movement for businesses and consumers. EasCorp and its CUSO, Vertifi Software, have supported the development of the FedNow Service since its inception, knowing that the public rail would level the playing field for credit unions in the faster payments space. We participated in the Fed's Pilot Program, became Early Adopters, and went live on the rail on its first day, offering members and clients access to the rail through EasCorp's settlement service and Vertifi's instant payments gateway. One year from launch, the FedNow Service includes more than 900 participating financial institutions. We congratulate the Federal Reserve on this milestone and encourage you to contact us to discuss your FedNow Service goals.
Connect FSS Selects Vertifi Software's FedNow Service Solution
March 13, 2024
Connect FSS, the US-based Software as a Service technology and digital banking provider, has selected Vertifi Software, LLC, a wholly owned CUSO of EasCorp, to implement the systems and technology required for Connect's instant payments solution for the FedNow® Service. Read the full press release on the News and Events page.