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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. percent for FedLine customers. The Reserve Banks estimate that they will recover 100.8

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FPC Draws Member Input with Town Halls on FedNowSM

Faster Payments Council

While responses to the FedNow Request for Comment aren't due until November 7, we're looking at a significant strategic undertaking: we're forming recommendations for the first new payments system initiated by the Fed in more than 40 years. With our responses, we, quite literally, are shaping the future of payments.

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