Press Releases
Media Contact
Reporters and members of the media with inquiries about products or services of Federal Reserve Financial Services (FRFS) can contact us at FRFS.Media@chi.frb.org. Please include a requested deadline to respond.
-
The Federal Reserve announces that its new system for instant payments, the FedNow® Service, is now live.
- July 20
-
Federal Reserve Names Organizations Certified as Ready for FedNow® Service
- June 29
-
Federal Reserve Surveys: U.S. businesses, consumers want faster payment options to help navigate evolving needs
- May 24
-
Consumer payment survey shows continuation of pandemic trends, including rising credit card usage and enduring demand to hold cash
- May 19
-
Federal Reserve releases data on noncash payments in 2021 (Off-site)
- April 26
-
The Federal Reserve Announces July Launch for the FedNowSM Service
- March 15
-
Federal Reserve Board approves fee schedule for Federal Reserve Bank priced services (Off-site)
- November 04
-
Federal Reserve launches service to help financial institutions track trends for payments settled through its FedACH® Service
- September 19
-
Federal Reserve updates FedNowSM Service timing to mid-2023, marks beginning of full-scale pilot testing
- August 29
-
Federal Reserve Board announces final timeline and implementation details for adoption of new Fedwire Funds Service message format (Off-site)
- June 27
-
Federal Reserve survey: Consumers demanding faster payment options to fit their digital, always-on lives
- May 16
-
FedNowSM Service Pilot Program Achieves Message Delivery Milestone, Welcomes New Participants
- May 02
-
More than 70 organizations showcase instant payments solutions for FedNowSM Service implementation
- March 08
-
Federal Reserve Announces FedNowSM Service Pricing Approach, Credit Transfer Limit
- January 27
-
Federal Reserve Issues Update to Payments Study (Off-site)
- December 22
-
Federal Reserve Board approves fee schedule for Federal Reserve Bank priced services (Off-site)
- December 02
-
Federal Reserve Launches New Service to Provide Alerts on Potential Duplicate Check Deposits
- November 15
-
Federal Reserve Launches New Tools and Support to Accelerate Industry Readiness for Instant Payments
- October 20
-
Federal Reserve Board announces the Reserve Banks will adopt a new message format for the Fedwire® Funds Service and invites public comment on proposal to expedite adoption (Off-site)
- October 04
-
Federal Reserve Survey: Businesses Increasingly Demand Faster Payments that Match the Speed of Digital Commerce
- August 31
-
Federal Reserve announces ISO® 20022 specifications for initial launch of its FedNowSM Service for instant payments
- March 31
-
Federal Reserve updates FedNowSM Service launch to 2023
- February 02
-
Federal Reserve announces FedNowSM Pilot Program Participants
- January 25
-
Federal Reserve Board approves fee schedule for Federal Reserve Bank priced services (Off-site)
- November 10
-
Federal Reserve Board publishes detailed noncash payments data from the 2019 Federal Reserve Payments Study (Off-site)
- October 29
-
Federal Reserve announces FedNowSM Pilot Program
- October 13
-
Federal Reserve Board amends implementation date of modifications to Reserve Bank payment services and corresponding changes to the Policy on Payment System Risk (Off-site)
- September 25
-
Federal Reserve announces details of new 24x7x365 interbank settlement service with clearing functionality to support instant payments in the United States (Off-site)
- August 06
-
Federal Reserve Board to maintain the current schedule of prices for most payment services that the Federal Reserve Banks provide to depository institutions in 2021 (Off-site)
- July 21
-
Federal Reserve announces FedNowSM Community
- May 06
-
Federal Reserve Board announces temporary actions aimed at increasing the availability of intraday credit extended by Federal Reserve Banks (Off-site)
- April 23
-
Federal Reserve takes additional actions to provide up to $2.3 trillion in loans to support the economy (Off-site)
- April 09
-
Federal Reserve Actions to Support the Flow of Credit to Households and Businesses (Off-site)
- March 15
-
Federal Reserve approves modifications to National Settlement Service and Fedwire® Funds Service to support enhancements to the same-day automated clearinghouse service (Off-site)
- December 23
-
Federal Reserve payments study finds growth in card and automated clearinghouse payments (Off-site)
- December 19
-
The Federal Reserve Joins the U.S. Faster Payments Council as Founding Sponsor
- December 05
-
Federal Reserve Board approves fee schedule for Federal Reserve Bank priced services (Off-site)
- November 27
-
Federal Reserve Banks Pause Fedwire® Funds Service’s Migration to ISO® 20022 Messages to Assess Industry Request
- September 23
-
Federal Reserve Names Ken Montgomery Leader of Newly Announced FedNowSM Service for Real-Time Gross Settlement of Faster Payments
- August 15
-
Federal Reserve announces plan to develop a new round-the-clock real-time payment and settlement service to support faster payments (Off-site)
- August 05
-
Federal Reserve requests comment on potential modifications to operating hours for the Reserve Banks' National Settlement Service and Fedwire Funds Service (Off-site)
- May 09
-
Federal Reserve Announces Members of Fraud Definitions Work Group
- March 18
-
Federal Reserve Payments Study Supplement shows accelerated electronic payments growth (Off-site)
- December 20
-
Payments Industry Leaders Launch U.S. Faster Payments Council
- November 13
-
Federal Reserve Board seeks public comment on potential actions to facilitate real-time interbank settlement of faster payments (Off-site)
- October 03
-
Federal Reserve Board invites public comment on proposal to adopt ISO 20022 message format for Fedwire Funds Service (Off-site)
- July 05
-
Federal Reserve Board welcomes release of global strategy for reducing wholesale payments fraud (Off-site)
- May 08
-
Federal Reserve to Study Payments Fraud and Security Vulnerabilities
- March 29
-
Fed Prepares for Next Phase of Payments Security Effort as Secure Payments Task Force Concludes
- March 01
-
Payments Fraud Losses Remain a Problem for Financial Institutions
- February 06
-
Federal Reserve Payments Study Supplement Points to Accelerated Credit Card Use
- December 21
-
Federal Reserve Appoints New Payments Security Strategy Leader
- December 08
-
Federal Reserve Announces ISO 20022 Migration Timeline for the Fedwire® Funds Service
- October 18
-
U.S. Faster Payments Governance Framework Formation Team Announced
- October 13
-
Federal Reserve Outlines Next Steps for Payment System Improvement
- September 06
-
Federal Reserve Names Strategy Director to Lead Payment System Improvement
- August 24
-
Federal Reserve Payments Study Highlights Changes in Consumer and Business Payment Choice
- June 30
-
Federal Reserve Board announces final amendments to Regulation CC and requests public comment on an additional proposed amendment (Off-site)
- May 31
-
Federal Reserve Announces Sixth Triennial Study to Examine U.S. Payments Usage
- November 05
-
Federal Reserve Banks Praise Commitment to Same Day ACH
- September 23
-
Federal Reserve System Appoints Payments Security Strategy Leader (Off-site)
- September 10
-
Federal Reserve System Appoints Faster Payments Strategy Leader (Off-site)
- July 30
-
Federal Reserve Announces Steering Committees of New Payments Task Forces (Off-site)
- July 21
-
Federal Reserve Names Payments Strategy Director to Lead Payment System Improvement (Off-site)
- May 29
-
Federal Reserve Issues “Strategies for Improving the U.S. Payment System” (Off-site)
- January 26
-
Federal Reserve Board approves fee schedule for Federal Reserve Bank priced services (Off-site)
- November 04
-
Federal Reserve Banks Complete Final Phase of Research to Inform Payment System Improvements
- September 04
-
Federal Reserve Payments Study Provides Further Details on Domestic Payments
- July 24
-
Federal Reserve Banks to Host Town Halls on Improving the U.S. Payment System
- May 21
-
The Federal Reserve's Retail Payments Office Supports Renewed Pursuit of Same–Day ACH Settlement
- April 07
-
Kocherlakota to Chair Federal Reserve's Financial Services Policy Committee
- March 03
-
Federal Reserve Banks Laud Industry Response to Consultation Paper and Highlight Next Steps
- February 04
-
Federal Reserve Payments Study Offers Expanded View of U.S. Noncash Payment Trends
- December 19
-
Federal Reserve Banks to Host Town Halls on Improving the U.S. Payment System
- October 22
-
Federal Reserve Banks Solicit Input on Improving the Future U.S. Payment System
- September 10
-
Federal Reserve announces issue date of redesigned $100 note (Off-site)
- April 24
-
Federal Reserve Banks Announce New Study to Examine Nation’s Payments Usage
- January 17