The Federal Reserve will host market-specific roundtable sessions to inform and collect feedback on features and functionality of the FedNow Service. Sessions are geared toward product owners and operational or technology managers from core/payment providers, corporate credit unions and bankers’ banks. These key stakeholders will play a vital role in providing expertise to ensure readiness within the instant payments ecosystem.

Participants are encouraged to be familiar with market needs and understand their institution’s plans and development lifecycle for instant payments.

Objectives of the roundtable sessions include:

• Highlight the FedNow Service requirements and features/functionality aligned with the specific interests of the session audience.
• Explore opportunities and challenges related to adoption of the FedNow Service.
• Identify the needs of session attendees to prepare their customers, members or respondents for adoption of instant payments.

Roundtable Sessions:

The roundtable sessions will meet via WebEx meeting in October. Interested and qualified participants will receive a pre-roundtable survey to better understand preferences of roundtable participants and specific needs related to adoption of the FedNow Service. All meeting materials will be distributed to participants a week in advance of the engagement.

Session 1: Corporate Credit Unions
Date: Tuesday, Oct. 20
Time: 1-3 p.m. EDT

Session 2: Bankers’ Banks
Date: Thursday, Oct. 22
Time: 1-3 p.m. EDT

Session 3: Core and Payment Providers (e.g., core processors, payments processors, payment software providers)
Date: Wednesday, Oct. 28
Time: 1-3 p.m. EDT

Submissions for joining the roundtable sessions are currently closed.

If you have any questions, please reach out to us at SYSFedNowWorkGroup@chi.frb.org.

Top of Page