EasCorp is proud to be featured in the Federal Reserve’s new FedNow Service Provider Showcase, an online resource designed to connect financial institutions looking to adopt and innovate upon the FedNow Service with service providers offering instant payment solutions.
“We’re excited to be part of the FedNow Service Provider Showcase and look forward to helping credit unions adopt and implement instant payments,” said Robert Bartol, Senior Vice President of EasCorp. “With our payments solution, credit unions and their members will be able to access the speed, convenience and other benefits the FedNow Service will provide when it launches in 2023.” EasCorp will provide the settlement services for FedNow transactions for its member credit unions. EasCorp, through its CUSO Vertifi will also provide a solution to manage the formatting and exchange of payment messages with the FedNow Service’s network thus eliminating the need for any expensive network, server or application infrastructure and delivering the FedNow service more affordably.
“We appreciate the commitment of EasCorp to enabling FedNow adoption and participating in the showcase,” said Nick Stanescu, Federal Reserve Bank senior vice president and FedNow business executive. “The time is now for organizations to identify and connect with partners they’ll need to build the end-to-end solutions the market is demanding.”
To learn more, visit EasCorp’s profile https://explore.fednow.org/explore-the-city?id=10&building=showcase-theater&page=3&postId=29&vendor=eastern-corporate-fcu-(eascorp) in the FedNow Service Provider Showcase on FedNowExplorer.org.