Instant Payments: The FedNow Service - Vizo Financial Insights

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Instant Payments: The FedNow Service

A collection of 9 posts

Winning Gen Z's Wallet: Why Faster Payments Matter for Gig Workers

Winning Gen Z's Wallet: Why Faster Payments Matter for Gig Workers

For Gen Z, money moves differently because life moves differently. This generation grew up in a digital-first world where nearly everything is instant: communication, shopping, entertainment, transportation and work opportunities. And with that being the foundation of their reality, it also shapes their expectations for financial services. That’s

All Aboard: A Conductor’s Rundown of Payment Rails

The FedNow Service

All Aboard: A Conductor’s Rundown of Payment Rails

Payment rails are the infrastructure, technology and networks that move money between payers and payees. Think of them as railways for your money. They are different from payment processors or platforms. Demystifying the Infrastructure To understand payment architecture, you must look beneath the sleek user interface of the checkout page.

Instant Payments in Action: What Credit Unions Need to Know

Instant Payments in Action: What Credit Unions Need to Know

Instant Payment Basics Instant payments are changing the way financial institutions move money, giving credit unions an opportunity to provide faster, more convenient service to members. While traditional payment rails have long been the standard, instant payments introduce a different approach that requires financial institutions (FIs) to think beyond speed

A Payment Revolution...Again: Instant Payments & the ACH Connection

A Payment Revolution...Again: Instant Payments & the ACH Connection

Time travel with me for a moment back to the 1970s. Disco music and the American Top 40 countdown with Casey Kasem took over our radios. Blockbusters like Jaws, Star Wars and The Exorcist captivated (or appalled) audiences. There was political unrest with the Vietnam War, the oil crisis and

Must-Know Pieces of the FedNow® Service Puzzle

Must-Know Pieces of the FedNow® Service Puzzle

Solving puzzles is one of my favorite hobbies. In fact, we had an office party a few months back and one of the activities that we had available to us was a puzzle of our fellow colleagues. I spent over half the day working on that puzzle, completely distracted and

All the Buzz About The FedNow® Service

All the Buzz About The FedNow® Service

Word around the hive is there’s a new “queen bee” in town, and I’m here to tell you that it’s true! (Although, someone might want to break it to Beyoncé.) There is a new payments rail buzzing about — called The FedNow® Service. This new instant payment rail

The FedNow Service Saga Continues: What’s Next?

The FedNow Service Saga Continues: What’s Next?

By now you know that the next chapter of the FedNow℠ Service – the official launch – has been slated for July. With only a few months until then, we wanted to share some additional information and next steps for us here at Vizo Financial, but also for your credit union, so

The FedNow Service: Answers to Your Burning Questions

The FedNow Service: Answers to Your Burning Questions

What happens within a second? It’s such a brief measurement of time that not many things can happen. But that’s about to change in the realm of payments. In fact, it’s safe to say that a monumental change in how we process transactions is on the horizon

Vizo Financial Featured in the Federal Reserve’s New FedNow Service Provider Showcase

Vizo Financial Featured in the Federal Reserve’s New FedNow Service Provider Showcase

Vizo Financial is proud to be featured in the Federal Reserve’s new FedNowSM Service Provider Showcase, an online resource designed to connect financial institutions looking to adopt and innovate upon the FedNow Service with service providers offering instant payment solutions. “Vizo Financial is excited to be part of the