SHAZAM Selected to Help Shape the Future of Instant Payments

first_img DES MOINES, Iowa–(BUSINESS WIRE)–Feb 16, 2021– SHAZAM, Inc., a nationwide provider of financial services to community financial institutions, has been selected to participate in a pilot program to guide development of the Federal Reserve’s instant payments offering, the FedNow SM Service. FedNow will offer community financial institutions another network through which to access faster payments infrastructure. The FedNow Service will provide an important payments infrastructure when it becomes available in 2023. Financial institutions and their service providers will be able to use the service as a springboard to bring the benefits of safe, efficient instant payments to communities across the country. SHAZAM will help shape the FedNow Service’s features and functions, provide input into the overall user experience, ensure readiness for testing and be the first to experience the FedNow Service before its general availability. “We look forward to working with the Fed as they develop their first major new payment system in four decades,” said Paul Waltz, SHAZAM’s President and CEO. “We expect our input will further define the service and adoption roadmap, industry readiness approaches and overall instant payments strategy for the community financial institutions who depend on us to ensure they’re on the competitive edge of payments.” SHAZAM has historically been at the forefront of providing innovative faster payment solutions. As a true payments partner, with a mission to strengthen community financial institutions, supporting the FedNow Service provides yet another real-time payments network available to community banks and credit unions so they can in turn offer their customers ways to move their money as rapidly and efficiently as possible. About SHAZAM SHAZAM pioneered the PIN-debit point-of-sale transaction, still used worldwide today. We’re the only nationwide independent, member-owned debit network, processor and core provider supporting community banks and credit unions. Since our member financial institutions own us instead of shareholders, we are able to reinvest in technologies our clients need as they serve the next generation of consumers. SHAZAM ensures our clients have the products and services they demand and expect in a cost-effective way. Founded in 1976 and headquartered in Iowa, we’re a leader in payments and financial technology, with a simple mission: Strengthening community financial institutions. Visit us today at shazam.net. View source version on businesswire.com:https://www.businesswire.com/news/home/20210216006209/en/ CONTACT: Valerie Cibula [email protected] SHAZAM, Inc. o: 515-288-2828, ext. 2902 KEYWORD: UNITED STATES NORTH AMERICA IOWA INDUSTRY KEYWORD: BANKING SOFTWARE ACCOUNTING NETWORKS PROFESSIONAL SERVICES INTERNET DATA MANAGEMENT TECHNOLOGY SMALL BUSINESS SECURITY OTHER PROFESSIONAL SERVICES FINANCE OTHER TECHNOLOGY SOURCE: SHAZAM, Inc. Copyright Business Wire 2021. PUB: 02/16/2021 05:41 PM/DISC: 02/16/2021 05:41 PM http://www.businesswire.com/news/home/20210216006209/en SHAZAM Selected to Help Shape the Future of Instant Payments Facebook WhatsApp Twitter Pinterest WhatsApp By Digital AIM Web Support – March 4, 2021 center_img Previous articleOAT021021_drivethru_reading_parade_Next articleGlobal Cell Based Assay & High Content Screening Markets Report 2021 with Updated COVID-19 Impact Analysis – ResearchAndMarkets.com Digital AIM Web Support Facebook TAGS  Local News Twitter Pinterestlast_img read more

SLCC Men’s Basketball Star Named Scenic West Player of the Week

first_img Brad James Written by FacebookTwitterLinkedInEmailTAYLORSVILLE, Utah-Monday, the #8 Salt Lake Community College men’s basketball team received a prestigious honor from the Scenic West Athletic Conference.Cameron Mack, a 6-2 redshirt freshman guard out of Austin, Texas, was named as the Scenic West Conference player of the week for the 9-2 Bruins.Mack, a commit to traditional NCAA Division I power St. John’s of the Big East Conference, averaged 24 points a game last week for the Bruins at the Florida Tournament.In an 88-84 win over nationally-ranked Eastern Florida, Mack netted 24 points against the Titans.In an 80-75 loss to Florida Southwestern Community College, Mack’s 39 points paced the Bruins against the Buccaneers. Tags: Big East/Eastern Florida Titans/Florida Southwestern Buccaneers/SLCC Men’s Basketball/St. John’s/SWAC Player of the Week December 4, 2018 /Sports News – Local SLCC Men’s Basketball Star Named Scenic West Player of the Weeklast_img read more

CUNA’s 2016 watchlist: CFPB rulemakings, credit impairment, FOM

first_imgSeeking every opportunity to enhance the operating environment for credit unions in 2016, the Credit Union National Association (CUNA) will be closely monitoring issues such as rulemakings coming out of the Consumer Financial Protection Bureau (CFPB) addressing overdraft, an upcoming credit impairment proposal as well as the National Credit Union Administration’s (NCUA) field-of-membership (FOM) and member business lending proposals.“This year will likely bring much-needed regulatory relief for credit unions in the form of the NCUA’s field-of-membership and member business lending rules, but we’re monitoring a number of regulations that could add to regulatory burden as well,” said Elizabeth Eurgubian, CUNA’s deputy chief advocacy officer. “As we look ahead, CUNA will be working to ensure the credit union perspective is heard while these regulations come together, and we will be looking at opportunities for further relief.”In a list updated this week, CUNA outlined 15 top regulatory issues it will be monitoring in 2016, what potential outcomes are and CUNA’s advocacy strategy.The top five items on the list are: continue reading » 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more