article thumbnail

Orum goes live with the Federal Reserve

The Paypers

API solutions provider Orum has announced that it went live with FedACH, the Federal Reserve ’s automated clearing house service, and it is set to add FedNow and FedWire solutions.

article thumbnail

Federal Reserve launches FedPayments Insights Service

The Paypers

The Federal Reserve has announced the launching of a new service to help financial institutions to track trends for payments settled through its FedACH service.

article thumbnail

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 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

article thumbnail

The Impact of FedNow on the US Payments Landscape

Segpay

Last year, the Federal Reserve launched FedNow, an instant payment service expected to revolutionize the US payment landscape. The Federal Reserve’s goal is to achieve wide adoption of FedNow over time, much like the Fedwire ® Funds Service and FedACH ® Services. What is FedNow?

FedNow 52
article thumbnail

Ticking Off The Boxes On The Fed’s Checklist Of B2B Payments Priorities

PYMNTS

The Federal Reserve, however, is ramping up efforts to change that. Formerly known as the Remittance Coalition, the Federal Reserve Bank of Minneapolis’ Business Payments Coalition is relying on corporate collaboration to promote the adoption of electronic B2B payments. The concept of a B2B payments directory isn’t new.

B2B 40