FedNow

FedNow is an instant payment service developed by the Federal Reserve for depository institutions in the United States, which allows individuals and businesses to send and receive money. The service launched on July 20, 2023. Banks will be able to build products on top of the FedNow platform.

FedNow Service
Developer(s)Federal Reserve
Initial release20 July 2023 (2023-07-20)
Available inEnglish
TypeE-commerce payment system
WebsiteFedNow
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