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Shazamâs Christensen re-elected to U.S. Faster Payments Council board Wednesday, June 9, 2021 3:07 PM Shazam Inc., a Johnston-based nationwide provider of financial services to community banks and credit unions, announced that Kevin Christensen, senior vice president of market intelligence and data analytics, was elected to a second three-year term on the U.S. Faster Payments Council board of directors.Christensen was the organization’s first executive director and chairman when appointed in 2015, and he currently serves on the executive committee and finance committee. Over the years, as a member of the Faster Payments Task Force, he led the interoperability work group and was a member of the editorial board. Following the work of the task force, Christensen was elected to the Governance Framework Formation Team. The work group was responsible for developing the operating vision for the U.S. Faster Payments Council, of which Shazam ....
Have we reached the âfinal frontierâ with real-time payments? Harris: Dwolla integration with cryptocurrencies on companyâs growth road map Friday, May 14, 2021 6:00 AM Shazam participating in pilot program to guide FedNow instant payments system In February, Johnston-based Shazam Inc., a national member-owned debit network and payment processor, was selected to participate in a pilot program to guide development of the Federal Reserve’s instant payments offering, the FedNow Service. FedNow will offer community financial institutions another network through which to access faster payments infrastructure. The FedNow Service will provide an important payments infrastructure when it becomes available in 2023. Financial institutions and their service providers will be able to use the service as a springboard to bring the benefits of safe, efficient instant payments to communities across the country. Shazam ....
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.” ....