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Federal Reserve Raises 2020 Payment Services Fees By 2.4 Pct.

PYMNTS

The Federal Reserve Board has approved a new fee schedule for payment services in 2020 that is overall 2.4 percent higher than 2019, the Fed announced in a press release on Wednesday (Nov. percent for FedLine customers. The 2020 private-sector adjustment factor (PSAF) of $18.9 percent for check services , 3.7