Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
FedNow Service payment flow video
Federal Reserve Financial Services has created a new 3½ minute video to illustrate the FedNow℠ payment flow. It follows a payment over the FedNow Service from start to finish and shows what financial institutions need to know about their role in the process.
Payments processed over the FedNow Service will settle between financial institutions in real time and end users will have access to money sent to them within seconds. Financial institutions that participate in the FedNow Service can meet the evolving needs of their customers and keep pace with the competition. Other benefits include:
- Attracting and retaining customers
- Growing revenue (e.g., transaction fees, fees for new service or product offerings)
- Lowering costs through increased efficiency (e.g., automation and operations)
- Reducing interbank settlement risk
Federal Reserve Financial Services has said it will start rolling out its FedNow service beginning in 2023.