Conduent To Offer U.S. Federal Reserve's FedNow Service For Instant Payments
Portfolio Pulse from Happy Mohamed
Conduent Incorporated (NASDAQ:CNDT) has announced its expansion into digital payment solutions by offering the U.S. Federal Reserve's FedNow Service for instant payments. The service, which is the Federal Reserve's first new payment platform in nearly 50 years, allows for instant, safe, and secure transactions with financial institutions and their customers in the U.S. Conduent is the only Business Process Solutions provider to participate in the FedNow Service launch and the first to offer access to the service to its clients.
July 20, 2023 | 2:42 pm
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Conduent's expansion into digital payment solutions by offering the FedNow Service could potentially increase its customer base and revenue, as it is the only Business Process Solutions provider to participate in the service's launch.
Conduent's decision to offer the FedNow Service, a new and innovative payment platform, could attract more clients to its services, especially as it is the only Business Process Solutions provider to participate in the service's launch. This could potentially lead to an increase in its customer base and revenue, positively impacting its stock price in the short term.
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