Federal Reserve Financial Services

Official account for Federal Reserve Financial Services (FRFS). The #FederalReserve Banks provide financial services to depository institutions.

[Federal Reserve Financial Services @FRBservices]

We just keep growing 🙌! Shout out to the 147 financial institutions and two certified serviced providers who joined the FedNow® Service in Q3. These organizations helped fuel double-digit transaction volume growth. Learn more: https://t.co/bCETuChrFo

[Federal Reserve Financial Services @FRBservices]

Are you complying with Nacha® rules? Register for our webinar to learn how FedDetect Anomaly Notification premier options can supplement your risk mitigation activities: https://t.co/akqJDa80D6

[Federal Reserve Financial Services @FRBservices]

#Money2020USA is in the rearview and we're reflecting on the important dialogue, fresh perspectives and thoughtful questions you shared with us. Our biggest takeaway? Innovation is a team sport. Thank you to everyone who joined us at a speaking session, a booth conversation, or a live demo in the FedNow Innovation Studio. Together we're helping reimagine the NOW and the NEXT of payments. We can't wait to continue the conversation at more industry events this fall!

And remember, not everything stays in Vegas... Missed the chance to visit the Innovation Studio? Now you can watch FedNow-powered instant payment solutions any time in our new collection of videos: https://t.co/kW5jzOFquW

[Federal Reserve Financial Services @FRBservices]

We were joined by FIS, @Trustly, Moov, Pidgin, @ModernTreasury, and ModernRails at our booth to demonstrate how they're innovating with instant payments. From send and receive payment flows to exploring the request for payment experience, we saw how the FedNow® Service is powering the now — and the next. ​

Missed the chance to visit the FedNow Innovation Studio? Find recaps, videos, and more on the Innovator Exchange: https://t.co/vFiKYvhAo9

[Federal Reserve Financial Services @FRBservices]

QR code payments, earned wage access, real estate transactions, business payments and more! @payallps, Matera, @Intuit, @payfinia, @Plaid, @Wyziaofficial, @Sionic_io, and Castle joined us in the FedNow Innovation Studio at #Money2020USA to demo the solutions they're delivering with reimagined use cases at the center of the conversation.​

Demos continue all day. Stop by the FedNow Innovation Studio to hear from more service providers and fintechs. See the schedule and recaps: https://t.co/QzG5FqTtxL

[Federal Reserve Financial Services @FRBservices]

📍Money20/20 | Booth 20061

The present and future of payments is collaborative, and we're excited to be building it together at #Money2020USA!

Day 2 saw a steady stream of inspiration and activity. The momentum continues today with another full lineup of service providers, fintechs and more showcasing instant payments solutions taking place on the FedNow® network.

And don't forget, warm fresh-baked cookies on site all day. Stop by our booth, we'd love to chat. 🍪

[Federal Reserve Financial Services @FRBservices]

The FedNow® Service is taking steps to meet the demand for cross-border use cases, to better serve globally active customers, subject to regulatory approval. Bernadette Ksepka will cover everything you need to know tomorrow during her #Money2020USA session "From Possible to Normal: Cross-border Rewired".

Questions? Bring them to our booth 20061.

[Federal Reserve Financial Services @FRBservices]

"...It's not either/or, it's both/and," according to Amy Burr following her #Money2020USA session with @ModernTreasury and @Circle on how stablecoin, instant payments and traditional rails can work together.

Stop by our booth 20061 and let's talk about it!

[Federal Reserve Financial Services @FRBservices]

It's Mollie Markham, industry relations manager, live from #Money2020USA as your behind-the-scenes guide! I'm so excited to be on the ground with the industry and my fellow payments peers.

Keep an eye out for more behind the scenes coverage from me all week!

[Federal Reserve Financial Services @FRBservices]

Live demos in our booth at Money20/20 have something for everyone. One minute you'll explore instant payment flows. The next you'll gain insights into a request for payment experience. Catch FIS, @Trustly and others showcasing their modern solutions in the FedNow® Innovation Studio at booth 20061. Full schedule here: https://t.co/QzG5FqTtxL

[Federal Reserve Financial Services @FRBservices]

The most valuable conversations aren’t always the ones where we agree.

That spirit was front and center at the 26th annual Chicago Payments Symposium, where voices from across the payments industry came together for two days of thought-provoking discussions on AI, the evolution of money, payments modernization and security.

Complex challenges. Fresh perspectives. Bold thinking.

Thank you to the attendees for bringing the curiosity, candor and willingness to challenge assumptions. The future of payments won’t be shaped by any one perspective ‒ it will take us all.

[Federal Reserve Financial Services @FRBservices]

Payments made in seconds with a QR code? You read that right! Stop by our booth at Money20/20 to see @Intuit, @Payfinia and Matera demonstrate how instant QR code payments work. You won’t want to miss this demo or the others on the schedule: https://t.co/bJPkL55tOf

[Federal Reserve Financial Services @FRBservices]

Make business payments in flash? Receive an instant payment using a cell phone number? Onboard your financial institution to the FedNow® Service in as little as 30 days? Yes, Yes and Yes! See live demos from @Plaid, Moov and @payallps in the FedNow Innovation Studio inside our booth (20061) at Money20/20. Check out the schedule: https://t.co/QzG5FqTtxL

[Federal Reserve Financial Services @FRBservices]

What's driving the next wave of instant payment growth? Nick Stanescu, chief FedNow® executive, breaks it down in our latest Q&A. Dive in: https://t.co/8VSPWWdv2v

[Federal Reserve Financial Services @FRBservices]

Mark your calendars! We're bringing two sessions to the stage at #Money2020USA:​

Oct. 19 10:30 a.m. - Amy Burr – Programmable Dollars Move in Real Time​
Oct. 20 4:20 p.m. - Bernadette Ksepka – From Possible to Normal: Cross-border Rewired

[Federal Reserve Financial Services @FRBservices]

Banks, credit unions and other organizations want to offer instant payments — Fintechs can help make it happen. Stop by the FedNow Innovation Studio at Booth 20061 during Money 20/20 to learn how! Innovators like Modern Treasury, Pidgin, and ModernRails will demo how they’re turning ideas into reality with the FedNow® Service. View the full demo schedule: https://t.co/QzG5FqTtxL

[Federal Reserve Financial Services @FRBservices]

Earned wage access, point of sale, real estate payments — reimagined. See the FedNow® Service in action and discover how instant payments are transforming key industries. Check out our Innovation Studio for live demos of payment solutions powered by the FedNow Service: Booth 20061 at Money20/20.

View the full demo schedule: https://t.co/gv2MVF2cbc

[Federal Reserve Financial Services @FRBservices]

Kim Robbins has been named Federal Reserve Financial Services’ new Chief Payments Executive (CPE), effective Nov. 16!

Kim currently serves as the first vice president and chief operating officer at the Federal Reserve Bank of Kansas City. With a 30-year career across payments, technology and retail, she brings deep industry expertise and a clear vision for what’s next. In her own words:

"It's an honor to step into this role at such a transformative time for the payments industry. My career has been rooted in operational excellence and partnership. I'm focused on strengthening collaboration, upholding a customer-first mindset, and driving our business forward through strategic modernization to help evolve the services financial institutions, businesses and consumers rely on every day." — Kim Robbins

Kim has played an important role in moving Federal Reserve Financial Services forward—from developing our long-term strategic vision to helping to scale the FedNow® Service. Now she will bring that experience and perspective to leading our next chapter.

Join us in congratulating Kim! It’s an exciting time to be in payments, and we’re thrilled to have her take the helm as we work together to strengthen and evolve the nation’s payments infrastructure.