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 FedNow Service Provider Showcase and we look forward to helping our member credit unions implement instant payments,” said Jeffrey Stoner, chief technology and strategy officer at Vizo Financial. “The FedNow Service is an essential part of our instant payments solutions. Vizo Financial and our CUSO, MY CU Services, will be able to access the speed, convenience and other benefits the FedNow Service will provide when it launches in 2023.”
“We appreciate the commitment of Vizo Financial to enabling FedNow adoption and participating in the showcase,” said Nick Stanescu, Federal Reserve Bank senior vice president and FedNow business executive. “The time is now for organizations to identify and connect with partners they’ll need to build the end-to-end solutions the market is demanding.”
We plan to offer the instant payment services to credit unions that are adopting the FedNow Service. To learn more, visit Vizo Financial’s profile in the FedNow Service Provider Showcase on FedNowExplorer.org.
About Vizo Financial Corporate Credit Union
Vizo Financial Corporate Credit Union’s goal is to drive credit union success through proven EXCELLENCE, unmatched EXPERTISE and engaged PARTNERSHIPS. It is a state-chartered corporate credit union that serves CUSOs, leagues, chapters and more than 1,200 credit unions in the U.S. and Canada. Vizo Financial provides money management, payments and core processing services for credit unions. For more information, please visit www.vfccu.org.
About the FedNow Service
The Federal Reserve Banks are developing the FedNow Service to facilitate nationwide reach of instant payment services by financial institutions — regardless of size or geographic location — around the clock, every day of the year. Through financial institutions participating in the FedNow Service, businesses and individuals will be able to send and receive instant payments at any time of day, and recipients will have full access to funds immediately, giving them greater flexibility to manage their money and make time-sensitive payments. Access will be provided through the Federal Reserve’s FedLine® network, which serves more than 10,000 financial institutions directly or through their agents. For more information, visit FedNowExplorer.org.
"FedNow" is a service mark of the Federal Reserve Banks. A list of marks related to financial services products that are offered to financial institutions by the Federal Reserve Banks is available at FRBservices.org.
Jeff Stoner currently serves as Vizo Financial’s chief strategy and technology officer. In this role, he directs the development of strategic plans for Vizo Financial products and services. His area also evaluates and implements new products and services. In addition to product strategy, Jeff oversees Vizo Financial’s project management office, internal software administration and member online access system, Zephyr.