The Fed Announced that 57 "Early Adopter" Organizations Are Ready For the FedNow Instant Payment Service EVA J TOMPKINS, ESQ. JUL 2, 2023. https://revelation1317cbdcwatch.substack.com/p/the-fed-announced-that-57-early-adopter

 

Revelation 13:17 CBDC Watch

Upgrade to paid

The Fed Announced that 57 "Early Adopter" Organizations Are Ready For the FedNow Instant Payment Service

EVA J TOMPKINS, ESQ.

JUL 2, 2023

The Federal Reserve’s new FedNow Instant Payment service is expected to launch in late July. On June 29, 2023, the Federal Reserve announced that 57 organizations, consisting of 41 financial institutions, 15 service providers, and the United States Department of the Treasury, have been certified to participate in the FedNow instant payment service after it launches in late July. The Fed reports that it “continues to work with and onboard financial institutions and service providers planning to join later in 2023 and beyond, as the initial step to growing a robust network aimed at reaching all 10,000 U.S. financial institutions.”1

According to the Fed:

“Many of these organizations will be live when the FedNow Service launches or shortly after, with financial institutions ready to send and receive transactions and service providers ready to support transaction activity. This group of early adopters is now performing final trial runs on the service to confirm their readiness to support live transactions over the new instant payments infrastructure.”2

The list of the 57 “early adopter” organizations that are certified as ready participants in the FedNow service are as follows:

Participants (41 financial institutions):

1st Bank Yuma

1st Source Bank

Adyen

Alloya Corporate Federal Credit Union

Atlantic Community Bankers Bank

Avidia Bank

Bankers' Bank of the West

BNY Mellon

Bridge Community Bank

Bryant Bank

Buffalo Federal Bank

Catalyst Corporate Federal Credit Union

Community Bankers' Bank

Consumers Cooperative Credit Union

Corporate America Credit Union

Corporate One Federal Credit Union

Eastern Corporate Federal Credit Union

First Internet Bank of Indiana

Global Innovations Bank

HawaiiUSA Federal Credit Union

JPMorgan Chase

Malaga Bank

Mediapolis Savings Bank

Michigan Schools & Government Credit Union

Millennium Corporate Credit Union

Nicolet National Bank

North American Banking Company

PCBB

Peoples Bank

Pima Federal Credit Union

Quad City Bank & Trust

Salem Five Bank

Star One Credit Union

The Bankers Bank

United Bankers' Bank

U.S. Bank

U.S. Century Bank

U.S. Department of the Treasury’s Bureau of the Fiscal Service

Veridian Credit Union

Vizo Financial Corporate Credit Union

Wells Fargo Bank, N.A.

Service Providers:

ACI Worldwide Corp.

Alacriti

Aptys Solutions

ECS Fin Inc.

Finastra

Finzly

FIS

Fiserv Solutions, LLC

FPS GOLD

Jack Henry

Juniper Payments, a PSCU Company

Open Payment Network

Pidgin, Inc.

Temenos

Vertifi Software, LLC

Ken Montgomery, first vice president of the Federal Reserve Bank of Boston and FedNow program executive commented:

“We are on track for the FedNow Service launch, with a strong cohort of financial institutions and service providers of all sizes in the process of completing the final round of readiness testing …. With go-live nearing, financial institutions and their industry partners should be confident in moving forward with plans to join the network of organizations participating in the FedNow Service.”3

“Stand fast therefore in the liberty wherewith Christ hath made us free, and be not entangled again with the yoke of bondage.” Galatians 5:1 (KJV)

Upgrade to paid

1

https://www.frbservices.org/financial-services/fednow/organizations-certified

2

Id.

3

https://www.frbservices.org/news/press-releases/062923-organizations-certified-ready-fednow

4 Comments

Write a comment...

Denver_Wayne

Been There Done That

Jul 3, 2023

Liked by Eva J Tompkins, Esq.

What could go wrong ....

LIKE (2)

REPLY

SHARE

1 reply by Eva J Tompkins, Esq.

Sybil

Aug 17, 2023

Liked by Eva J Tompkins, Esq.

Every religious liberty leader worldwide with the GC needs to be on top of this and warn the people. And if not that, God forbid, the conference evangelists and independent evangelists need to have a working knowledge of this to include in their presentations!

LIKE (1)

REPLY

SHARE

1 reply by Eva J Tompkins, Esq.

2 more comments...

Top

New

Community

Digital IDs and the Extent to Which They Are Being Rolled Out Around the World, Part 1

Digital IDs and Facial Recognition Systems (an involuntary digital ID) are being imposed on populations around the world at a steady rate. Here is how…

JAN 24

 • 

EVA J TOMPKINS, ESQ.

12

6

Part One: My Summary and Review of Epoch Times' Interview of Aaron Day About CBDCs: "Currency of Control: How CBDC Implementation Is Leading…

Preliminary Remarks I want to extend a huge welcome to new subscribers! I am so glad to have you here. Introduce yourself in the comments—let me know…

OCT 15, 2023

 • 

EVA J TOMPKINS, ESQ.

10

3

ICYMI ... I Visited Little Light Studios to Discuss Central Bank Digital Currency (CBDCs), Tokenization, the Global Unified Ledger and Bible…

My sister, Heidi, and I had the pleasure of sitting down with Little Light Studios to discuss these events and how we can prepare --most importantly, by…

OCT 6, 2023

 • 

EVA J TOMPKINS, ESQ.

27

16

See all

Ready for more?

Subscribe

© 2024 Eva J Tompkins, Esq.

Privacy ∙ Terms ∙ Collection notice

Start Writing

Get the app

Substack is the home for great writing