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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 for FedLine customers. percent for FedLine customers. The Reserve Banks estimate that they will recover 100.8 percent higher than 2019, the Fed announced in a press release on Wednesday (Nov.

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What Is FedNow & How Can Businesses Prepare for It?

Seon

Launched on July 20, 2023, the FedNow Service is an instant payment system created by the Federal Reserve for American households and businesses. According to the Federal Reserve’s FAQs page, the system is secure and can carry out transactions within seconds on a 24/7 basis, any day of the year. What Is FedNow?

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FPC Draws Member Input with Town Halls on FedNowSM

Faster Payments Council

We were thrilled to have upwards of 100 of our members on the line to hear directly from Kirstin Wells, principal economist at the Federal Reserve Board. Hosted by the FPC's Education and Awareness Work Group, this Town Hall offered an opportunity for direct engagement with the Fed, including a robust Q&A session.

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