{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/665dda1b3ce6480013459039/6a57efb96f129226866320b8?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"How Will the Fed's Inclusion Push Reshape Small Business Payments?","description":"<p>The Federal Reserve is advancing a next-gen financial inclusion agenda focused on instant payments, interoperable data, and stronger fraud controls. FedNow, launched in July 2023, provides 24 by 7 by 365 settlement and is expanding through banks, credit unions, and core processors. Small businesses can benefit from faster receivables, instant disbursements, and request-for-payment capabilities that improve cash flow. The Consumer Financial Protection Bureau's proposed Section 1033 rule aims to standardize data sharing, enabling cash-flow underwriting for thin-file entrepreneurs and clarifying liability. The Fed promotes tools like the FraudClassifier model and the Synthetic Identity Fraud Mitigation Toolkit to manage real-time risk. Community banks are sequencing FedNow adoption with vendors such as Fiserv, FIS, and Jack Henry, while CRA updates and interagency third-party risk guidance shape bank-fintech partnerships.</p><p>Learn more on this news by visiting us at: https://greyjournal.net/news/</p><p><br></p><p><br></p>","author_name":"GREY Journal"}