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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.

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The Impact of FedNow on the US Payments Landscape

Segpay

What is FedNow? 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.

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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 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