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?PNC sees the introduction of FedNow as a sign of the maturity of immediate payments in the United States. PNC welcomes all efforts to advance the wider adoption of immediate payments,? said Sarah Billings, senior vice president and head of Payments and International for PNC Treasury Management.

Employees in Currency Operations receive, process, pay out, destroy and validate currency in a highly controlled, regulated and secure environment. They adhere to a strict set of defined rules and regulations.

1st Source Bank Adyen Avidia Bank Mellon Bridge Community Bank Bryant Bank Community Bank of the Bay Consumers Cooperative Credit Union Corporate America Credit Union Eastern Corporate Federal Credit Union First Internet Bank of Indiana Global Innovations Bank HawaiiUSA Federal Credit Union INB JPMorgan Chase ...

LONDON, June 28 (Reuters) - A total of 130 countries representing 98% of the global economy are now exploring digital versions of their currencies, with almost half in advanced development, pilot or launch stages, a closely-followed study shows.

Six credit unions and seven corporate credit unions were among the 57 early adopters of the FedNow Service; in addition, service providers that have begun processing FedNow instant payments for participants include a number of vendors familiar to the credit union movement, such as Fiserv, FIS, ACI Worldwide Corp., ...

In countries like India or Brazil, the central bank mandated use of the official instant-payments system; use of FedNow, by contrast, is entirely optional. That said, now that the Fed is encouraging uptake, expect instant payments to become much more popular in coming years.

No. FedNow is a service banks can choose to adopt. If your bank adopts the FedNow service, you will benefit from it when you send or receive money from/to your bank account. You will still use your bank's app or website to send money just like you do today.

Financial Institutions Serving as Settlement Agents and Liquidity Providers Alloya Corporate Federal Credit Union. Atlantic Community Bankers Bank. Mellon. Bankers' Bank of the West. Catalyst Corporate Federal Credit Union. Community Bankers' Bank. Millennium Corporate Credit Union. PCBB.