Seon

JULY 27, 2023

FedNow, the instant payment service that launched in the US on July 20, 2023, could bring significant new developments to your organization. What Is FedNow? Launched on July 20, 2023, the FedNow Service is an instant payment system created by the Federal Reserve for American households and businesses.

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PYMNTS

DECEMBER 2, 2019

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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Faster Payments Council

SEPTEMBER 17, 2019

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. With our responses, we, quite literally, are shaping the future of payments.

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