NEWS
Finastra joins the FedNow Pilot Program to advance instant payments in the US
Pilot program and to help advance instant payments in the United States .”
The FedNow Pilot program is designed to support development , testing and adoption of the FedNow Service , and to encourage development of services and use cases that leverage FedNow functionality .
Finastra has joined the Federal Reserve ’ s FedNow Pilot Program to support development , testing and adoption of the FedNow Service .
Finastra joins other banks , credit unions and payments technology organizations in the FedNow Community to help shape the future of payments and develop use cases that leverage FedNow functionality .
“ Finastra has deep expertise and knowledge of instant payment schemes globally , having enabled financial institutions to process payments and implement associated overlay services for instant payment schemes in 12 countries across four continents ,” said Ohad Chenkin , Vice President , Product Management , Payments Product and Platform at Finastra . “ We look forward to bringing our knowledge and experience to the FedNow
As a part of the FedNow Pilot Program , Finastra will help shape and provide input into the service and adoption roadmap , industry preparation and overall instant payments strategy .
Pilot firms will also have the opportunity to work with the FedNow Service prior to general availability .
Finastra ’ s payment solutions provide financial institutions with the tools to meet all of the challenges of new technologies and innovations in the payments space .
Nokia and NCTC partnership brings tailored fiber solutions to 700 US operators
Nokia has announced an agreement with the National Cable Television Co-operative ( NCTC ) to aid and expedite its member companies ’ broadband service rollouts and expansions .
Under the terms of the agreement , Nokia will provide NCTC members with tailored fiber solutions and access to premier service programs . The Nokia solution also enables a simple upgrade path to 25Gb / s .
NCTC represents more than 700 cable and broadband operators in all 50 US states and its territories . Its members serve approximately 15 million consumers with broadband service across 3,000 plus communities , many of which are smaller and located in rural areas .
Several NCTC members had winning bids in the Phase I Rural Digital Opportunity Fund ( RDOF ) auction , receiving awards to bring high speed fixed broadband service to rural homes and businesses that lack it .
“ On behalf of our members , we are very excited to establish a partnership with a technology leader like Nokia ,” said Rob Smith , Senior Director of Procurement , NCTC . “ Nokia is the only NCTC partner that currently offers a 25G symmetrical PON solution , and its complete wired and wireless service portfolio is cutting edge .
“ Nokia is clearly committed to our membership and to enabling their success . We look forward to a productive and beneficial partnership for decades to come .”
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