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Euronet Worldwide, Inc. and Its REN Payments Platform Featured in the Federal Reserve’s New FedNow(SM) Service Provider Showcase
LEAWOOD, Kan., March 10, 2022 (GLOBE NEWSWIRE) -- Euronet Worldwide, Inc. (NASDAQ: EEFT), a leading global financial technology solutions and payments
About this update from Euronet Worldwide, Inc.
[{"type":"text","content":"LEAWOOD, Kan., March 10, 2022 (GLOBE NEWSWIRE) -- Euronet Worldwide, Inc. (NASDAQ: EEFT), a leading global financial technology solutions and payments provider, and its REN payments platform have been included 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 bring the real time payments capabilities of the REN payments platform to organizations in the United States as highlighted by our inclusion in the FedNow Service Provider Showcase,” said Kevin Caponecchi, Executive VP and CEO, epay, Software and EFT Asia Pacific Division at Euronet. “We invite interested financial institutions to learn more about REN at the showcase now so they will be able to use it to access the speed, convenience and other benefits the FedNow Service will provide when it launches in 2023.” Euronet’s REN payments platform will offer the following instant payment services to financial institutions that are adopting the FedNow Service: A visual, low code development environment that makes it easy for the back-office systems of banks or credit unions that are standardized on ISO 8583 or other messaging formats to communicate with the FedNow Service and its real time ISO 20022 standard.Digital payments overlay services such as requests for payments, bill payments and bulk payments that enable banks and credit unions to quickly deliver real time frictionless payments experiences to their customers through intuitive apps and other interfaces.Access to the real time cross border payments capabilities of Euronet’s Dandelion network, which uses the payments rails of Euronet’s money transfer companies Ria and Xe to make real time payments to bank accounts, digital wallets, and cash locations throughout the world with full transparency and settlement with compliance integration capabilities. “We appreciate the commitment of Euronet Worldwide 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 Eu...