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Federal Reserve Raises 2020 Payment Services Fees By 2.4 Pct.

PYMNTS

Fees will stay the same as 2019 for the FedACH service, National Settlement Service and Fedwire Securities Service. The 2020 private-sector adjustment factor (PSAF) of $18.9 The changes will result in average price increases of 3.3 percent for check services , 3.7 percent for Fedwire Funds and 2.9 percent for FedLine customers.