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LoginID’s CEO, Simon Law, recently sat down with PYMNTS to discuss the Federal Reserve's announcement of the launch of their new FedNow Explorer website as well as additional resources and guidelines for instant payments. Transcript below.
Simon Law: It's very interesting, with the FedNow launch there’s going to be a disruption for existing payment networks because FedNow gives the ability to get close to instant payments. It will be interesting to see how the existing payment network responds to FedNow.
One of the key things, I think, is that there may be a disruption, well not a disruption, but good usage for business to business payments. Being able to settle instant payments is a great use case for the FedNow Network.
