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The FederalReserve Board has approved a new fee schedule for payment services in 2020 that is overall 2.4 Fees will stay the same as 2019 for the FedACH service, National Settlement Service and Fedwire Securities Service. The Reserve Banks estimate that they will recover 100.8 percent for check services , 3.7
Last year, the FederalReserve launched FedNow, an instant payment service expected to revolutionize the US payment landscape. The FederalReserve’s goal is to achieve wide adoption of FedNow over time, much like the Fedwire ® Funds Service and FedACH ® Services. What is FedNow?
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