Skip to Content

Home/Financial Services/FedNow® Service/Innovator Exchange/Increase
Abstract connection background
Increase

Increase

Solution(s): Increase
Website(s): increase.com (Off-site)
Contact: hello@increase.com

Inclusion of a provider in the exchange does not reflect any recommendation or endorsement by the Federal Reserve, or any relationship between the provider and the Federal Reserve. Learn more.

Services and products to support the FedNow® Service

Increase offers a modern banking infrastructure that enables technology companies to programmatically store, move and reconcile money. Increase enables organizations to store deposits and access payment rails without building direct bank connections. Its platform supports ACH, wires, checks and real-time payments, including the FedNow Service.

  • Always on: Settle payments in seconds – nights, weekends and federal holidays included.
  • Immediate availability: Funds must be made available to the recipient immediately after settlement.
  • Request for payment: Send request for payment (RFP) messages to collect funds with context and reduce reconciliation work.
  • Growing participation: Reach counterparties at participating banks and credit unions — participation is expanding.

Segment type(s)

  • Financial Institution Service Provider

Solution type(s)

  • Core Banking Platforms

Use cases/markets served

  • Bill Pay and Presentment
  • Brokerage
  • Buy Now Pay Later
  • Construction
  • Digital Wallet Funding/Defunding
  • Government (e.g., municipality, state, federal)
  • Health Care
  • Insurance
  • Loans (direct or indirect)
  • Merchant
  • Other
  • P2P Payments
  • Payroll
  • Real Estate (e.g., escrow, property management)
  • Transportation

FedNow functionality supported

  • Connectivity to the FedNow Service via FedLine® Solutions
  • FedNow Profile Management
  • Liquidity Management Transfers
  • Receiving FedNow Transactions
  • RFP Transactions – Businesses Receiving
  • RFP Transactions – Businesses Sending
  • RFP Transactions – Consumers Receiving
  • RFP Transactions – Consumers Sending
  • Sending FedNow Transactions – Business Accounts
  • Sending FedNow Transactions – Consumer Accounts

Ability to integrate with outside core processing solutions

  • N/A

Top of Page

Note on exchange information

Federal Reserve Financial Services (FRFS) is solely a host for the information presented in this Innovator Exchange and the inclusion or exclusion of a provider should in no way imply any relationship with, or recommendation or endorsement by, the Federal Reserve. Exchange presenters are not utilized by the Federal Reserve for the production or delivery of the FedNow Service. FRFS takes no responsibility for the content or accuracy of the information presented. Users of the exchange should perform their own due diligence on providers. See the Terms of Use and Privacy Policy for additional information.