FedNow is a real-time payment service launched by the Federal Reserve to enable instant financial transactions in the United States. It allows credit unions to transfer funds 24/7, 365 days a year, providing faster access to money for businesses and members. Designed to improve payment speed, security, and efficiency, FedNow supports use cases like bill payments, payroll, and account-to-account transfers, making it easier to manage cash flow and handle emergencies.
Catalyst offers three solutions – settlement, receive and send. This webinar will provide an overview of the options as well as a short demonstration of the administrative module.