PAYMENTS NEWS
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May 5, 2024
Federal Reserve Board Requests Comment on Proposal to Expand the Operating Days of the Federal Reserve Banks’ Two Large-Value Payments Services, Fedwire Funds Service and the National Settlement Service, to Include Weekends and Holidays
"The Federal Reserve Board on Friday requested comment on a proposal to expand the operating days of the Federal Reserve Banks' two large-value payments services to include weekends and holidays, so that they would operate every day of the year."
Project Mandala: Shaping the Future of Cross-Border Payments Compliance
"Project Mandala explores the feasibility of encoding jurisdiction-specific policy and regulatory requirements into a common protocol for cross-border transactions such as borrowing, foreign direct investment, or payments."
NetXD Supports the FedNow® Service, Advancing US Payment System
"NetXD is now supporting live transactions on the Federal Reserve’s instant payments rail, the FedNow Service. NetXD is certified to enable Send and Receive credit transfers as well as Receive RFP for financial institutions."
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