Remove Fed Remove FedLine Remove FedNow
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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. The clock is ticking. And, that's no small task, as I mentioned previously.

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Federal Reserve Raises 2020 Payment Services Fees By 2.4 Pct.

PYMNTS

percent higher than 2019, the Fed announced in a press release on Wednesday (Nov. percent for FedLine customers. In August, the Fed launched a real-time payments system, FedNow , that is broadly accessible across the financial services ecosystem. The new payment services fees go into effective on Jan.