Thursday, 26 January 2023
1 pm EST

The next step for faster payments: Interoperability

In Partnership With

Tokyo
Why Attend?

For many US banks, next year's summer blockbuster will be the launch of FedNow, as what many are seeing as the next milestone in the move to real time payments in the US. With the system joining the existing RTP system with both promising to modernize the way money moves and allow for greater use of instant payments, it seems the shift to real-time payments is 'inevitable'.

But like every great movie there is always a twist.

Whether we will see these services gain traction is tied to what many believe to be a major hurdle, that of interoperability. As it stands FedNow may not interoperate with the other faster payment operator RTP, and discussions on the two eventually getting to message interoperability don’t seem to be a priority. So, whilst the big banks may take on the expense of connecting to both systems, smaller banks may not have this luxury.

In our upcoming webinar we look at the issues surrounding interoperability and real time payments, including:

• What the recent rules for FedNow that the fed announced mean for interoperability and what are some of the concerns.

• What the banks should consider given the rule and how they might still manage the risk.

• Why not allowing intermediary banks to play a role will have a big impact on banks and the approaches they take.

• What options there are for those wishing to be on both systems.

The Key Take-Aways

What the recent rules for FedNow that the fed announced mean for interoperability and what are some of the concerns.

What the banks should consider given the rule and how they might still manage the risk.

Why not allowing intermediary banks to play a role will have a big impact on banks and the approaches they take.

What options there are for those wishing to be on both systems.

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The Webinar Panel

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This Webinar is in Partnership with

FORM3

Form3 provides Banks and regulated Fintechs across the globe an end-to-end managed payments service that delivers complete payment processing, clearing and settlement to the universe of payment schemes through a single API. Our platform handles everything so you can focus more on serving your customer’s needs and less on managing payments infrastructure.