WASHINGTON—The Federal Reserve has launched its FedNow service provider showcase, a tool that it says highlights how firms can help financial institutions implement real-time payments using FedNow.
According to the Fed, the showcase acts as a catalogue that helps financial institutions “shop” for potential solutions and on-ramps if they are interested in being a FedNow participant.
The showcase portal also includes a readiness roadmap for institutions that are exploring a real-time payments strategy that leverages FedNow.
FedNow will launch in 2023.
Vizo Featured
Among those featured in the Showcase is Greensboro, N.C.-based Vizo Financial.
“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 Jeff Stoner, chief technology and strategy officer. “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.”
Vizo Financial said it plans to offer the instant payment services to credit unions that are adopting the FedNow Service.
For info, visit Vizo Financial’s profile in the Showcase.
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