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Federal Reserve Raises 2020 Payment Services Fees By 2.4 Pct.

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The Federal Reserve Board has approved a new fee schedule for payment services in 2020 that is overall 2.4 percent for Fedwire Funds and 2.9 percent for FedLine customers. percent for Fedwire Funds and 2.9 percent for FedLine customers. The Reserve Banks estimate that they will recover 100.8