Instant Payments

ICBA Bancard helps community banks prepare for Instant Payment solutions that are moving quickly in the marketplace.

We will continue to update our resources below. Check back for additional articles, tools, and webinars to help community banks understand the ins and outs of instant payments adoption, use cases, and FedNow launch preparation.

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Ramping Up for the FedNow Launch Webinar Series

This three-part webinar series hosted by ICBA features speakers from the Federal Reserve Financial Services and is designed to help you create a plan for the FedNow launch.

Part One covers steps community banks can take to prepare for the FedNow Service which will be launched in 2023.

Part Two will dive into product specification for the FedNow Service including important features and use case opportunities for community banks, including risk, fraud and Request for Payment (RFP.)

And finally, Part Three will share lessons learned and best practices from community bankers that have already started the process of implementing instant payments.

Part One

Delay No More: Creating Your FedNow Plan

Wednesday, July 13. 2-3pm Eastern

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Part Two

FedNow Features, A Deep Dive

Wednesday, August 24, 12-1:00PM Eastern

Register Now

Part Three

Lessons Learned from Community Banks Implementing Instant Payments

Wednesday, October 5, 12 -1pm Eastern

Register Now

Instant Payments News

Jun 22, 2022 | Bancard Confidential

Instant Payments for Small Businesses: Low Hanging Fruit

If you have not read ICBA Bancard CEO Tina Giorgio’s recent blog on instant payments for small businesses, it is definitely worth reading. In the blog, Tina includes some key stats that effectively capture the expectations and demands of small businesses when it comes to instant payments:

Jun 22, 2022 | Bancard Confidential

A Note from the Chairman: Carpe Diem Instant Payments

Mar 30, 2022 | Bancard Confidential

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Why Small Businesses See a (Use) Case for Instant Payments

Apr 27, 2022
According to the Federal Reserve, nine in 10 businesses (or 29.25 million) expect to be able to send and receive instant payments by 2023. Fortunately, in many cases, community-based financial institutions have begun the process to meet these needs.

Four things to know about faster and instant payments

Apr 12, 2022
Consumers and businesses are increasingly using payment platforms that allow them to pay or transfer money faster than ever before, with U.S. faster payments transactions topping $900 billion in 2020.
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Next Steps on Your Instant Payments Journey Webinar Series

Increasing adoption/volume/use cases on the RTP network, the upcoming launch of the FedNow℠ Service, and customer demand are all fueling the need for community banks to ensure they have a plan and roadmap for implementing instant payments. Recorded Nov. 2-17, 2021.

In Part 1 of our webinar series on instant payments, we hear from Keith Gray, Vice President of Strategic Partnerships with The Clearing House.

In Part 2 of our webinar series on instant payments, we hear from Connie Theien, Senior Vice President and Director, Payments Industry Relations with the Federal Reserve System.

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Faster payments for community banks

ICBA Bancard has partnered with instant payments provider Finzly. Finzly's instant payment solution takes the complexity out of instant payments and provides the capabilities to make your payments infrastructure flexible and future-proof.

Learn More About Finzly