More Than 110 Organizations Will Participate in the FedNow Pilot Program
The
US Federal Reserve has announced that more than 110 organizations will participate in the FedNow Pilot Program.
FedNow is a payments initiative to speed up payments and transfers. A consultation with a variety of stakeholders took place in 2018 with the concept of FedNow emerging as a new interbank real-time service seeking to support instant payments in the United States.
Esther George, President and CEO of the
Federal Reserve Bank of Kansas City and executive sponsor of the Federal Reserve’s payments improvement initiatives, stated:
“We’re gratified by the industry’s tremendous interest and willingness to devote time and energy to help us develop the FedNow Service. As a result, we’ve adjusted to accommodate more participants than we originally planned.”
By Erik Harris, sports editor
TRUSSVILLE It was a spirited effort from the Hewitt-Trussville boys basketball team on Friday night at Bryant Bank Arena.
The Huskies fought feverishly for every loose ball and scored 22 fourth-quarter points on their way to a 64-36 victory over Chelsea on senior night. Prior to tipoff, the team recognized its Class of 2021, which includes Brelyn Turner, Ryan Harper, Cole Trest, Carter Hollis and Tyler Pickett.
Hollis, a 6’2” forward, would pace the Hewitt offense with 17 points, seven of which came in the final frame. The Huskies went to the fourth with a 15-point advantage and outscored Chelsea 22-9 during the final eight minutes of play to punctuate a dominant outing.