Fis on the ready to support federal reserve's new instant payment service

Jacksonville, fla.--(business wire)--fis® (nyse: fis), a global leader in financial services technology, has announced it is among the first in the fintech industry to complete testing and certification for the fednow® service, the federal reserve's new instant payment offering launching in july 2023. the certification is for “credit transfer – receive only” payments, which allows fis to receive payments from any financial institution that sends money over the fednow network, send payment retur.
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