Plan
Plaid/Stripe Reapply
- Re-apply to Plaid & Stripe after re-branding to loanedge.com
SCCB and FedNow
- Connecting with CF’s new bank (SCCB) and find out their interest in joining the FedNow instant payment service
FedNow Summary
FedNow, launched by the Federal Reserve in July 2023, is gaining traction as the primary instant payment solution in the U.S. by enabling financial institutions of all sizes to offer real-time payments 24/7. Unlike traditional payment systems, FedNow allows businesses and consumers to make immediate transfers, enhancing cash flow and reducing payment wait times. The platform’s growing adoption is driven by its wide reach, simplified integration for banks, and ability to support various use cases, from payroll and bill payments to emergency disbursements. As more financial institutions join, FedNow’s network effect is expanding its prominence in the instant payments landscape.
Paymints.io
Paymints.io – instant payments and real estate
Jason Doshi, CEO and co-founder of digital payment solution provider paymints.io, discussed the relationship between instant payments and real estate transactions at a recent FedNow® Service Town Hall. More here.
LoanEdge Use Case
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