Educational Resources
Give your teams the knowledge they need to grow your instant payment strategy.
Get to know instant payments
When a payment is sent over the FedNow® Service, the money clears and settles between the sender and receiver financial institution in seconds, and the individual or business on the receiving end of the transaction can access the funds immediately. The speed and efficiency of instant payments provide many benefits.
- Financial institutions — Remain competitive, improve customer experience and generate new revenue opportunities. Get details on the value of instant payments (Off-site).
- Individuals — Precisely time payments and reduce the risk of overdraft and late fees.
- Businesses — Better manage cash flow and improve efficiency of corporate payments and reconciliation processes.
Visit the Instant Payments University (Off-site) or the Use Case Arena (Off-site) to learn more about the basics of instant payments and the benefits they provide.
Discover the benefits of enabling send
If you joined the service as a receive-first participant, here’s what enabling send can help you do:
- Strengthen customer service
- Improve ROI
- Capture customers who expect send capabilities
- Create new revenue opportunities (like loans)
- Drive operational efficiencies
- Generate fee income through send monetization
Learn ways you can ramp up your send capabilities (Off-site) at your own pace.
Explore real-world instant payment use cases
Visit the Use Case Arena (Off-site) to see how instant payments are being used today, including:
- Me-to-me transfers (Off-site) — Move funds instantly between a customer’s own accounts.
- Auto loan disbursements (Off-site) — Improve the dealership and borrower experience.
- Real estate transactions (Off-site) — Streamline complex, multi-party payments.
- Property & casualty insurance payouts (Off-site) — Help insurers deliver approved claim funds instantly.
- Payroll and earned wage access (Off-site) — Support timely payments for employees.
You’ll also find popular use cases like digital wallet defunding (Off-site), brokerage transactions (Off-site), public sector disbursements (Off-site), online marketplace payouts (Off-site) and more.