CGI certified to support instant payments on the new nationwide FedNow® Service
FAIRFAX, Va., Sept. 20, 2023 /PRNewswire/ -- CGI (NYSE: GIB) (TSX: GIB.A) today announced that the CGI All Payments solution has been certified to support transaction activity for financial institutions that make payments on the Federal Reserve Bank's new instant payments system, FedNow® Service.
- FAIRFAX, Va., Sept. 20, 2023 /PRNewswire/ -- CGI (NYSE: GIB) (TSX: GIB.A) today announced that the CGI All Payments solution has been certified to support transaction activity for financial institutions that make payments on the Federal Reserve Bank's new instant payments system, FedNow® Service.
- CGI has been actively developing FedNow Service-specific capabilities since joining the FedNow Service Pilot Program in 2021.
- CGI was certified to support sending and receiving FedNow Service credit transfers and requests for payment.
- Delivered as a package or cloud-based platform-as-a-service, CGI All Payments deploys quickly and allows banks to become adopters of the FedNow Service.