Watch: A day in the life with instant payments
The FedNow® Service is designed with the flexibility to deliver instant payment capabilities to participating financial institutions based on the unique needs of their customers or members.
The FedNow® Service is designed with the flexibility to deliver instant payment capabilities to participating financial institutions based on the unique needs of their customers or members.
One mission of the Federal Reserve and its leaders is to support payment and settlement system safety and efficiency through services to the banking industry and the U.S. government that facilitate U.S.-dollar transactions and payments.
There are only eight months left until the Fedwire Funds Offline Service will be retired on Dec. 31, 2024. Have you started to prepare for this change?
Service disruptions can happen at any time and could derail day-to-day operations. Is your institution prepared? By keeping your business continuity plan up to date, you can stay ahead of these unexpected issues and protect your organization. Below are some tips from Federal Reserve Financial Services.