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EasCorp News

EasCorp President Calls on Credit Unions to Innovate and Educate

Updated September 18, 2023
Cynthia Nelson, President and CEO, EasCorp, was a leading voice on the future of instant payments at this week's NAFCU Congressional Caucus. During a panel discussion moderated by NAFCU Senior Counsel for Research and Policy Andrew Morris, Nelson shared her vision for the FedNow Service, touting its potential as a foundation for both technological innovation and financial inclusion. Read a recap of the panel discussion, including her call to action, in the NAFCU Newsroom now and read more from our President in this short article.

Service Credit Union Joins the FedNow Service with the Vertifi Software Solution

September 8, 2023
Service Credit Union, an EasCorp member credit union, announced today that it is live on the Federal Reserve's FedNow® Service. The largest credit union in New Hampshire, Service Credit Union worked closely with technology provider and CUSO, Vertifi Software, to build the transaction processing gateway that integrates the credit union's core and digital banking systems with new instant payments rail. Read the full announcement online on EasCorp's News and Events page.

Market Commentary
Fed's Powell Calls Soft Landing a 'Primary Objective' (Bloomberg)

Fed Chair Jerome Powell reaffirmed Wednesday that the central bank is still chasing an elusive soft landing, even as he acknowledged that executing a tightening campaign without triggering a widespread downturn is not the baseline expectation but rather a "plausible outcome."

Inside EasCorp Newsletter
September 2023 Newsletter

Featured this month: 2023 ALM Academy to Address Complex Economic Trends, More FedNow Service Myths, A Tale of Two Instant Payment Rails, ALM Market Trends to Watch and more!