Fed when? FedNow!

In August 2019, the Federal Reserve announced it will develop the FedNowSM Service to enable financial institutions across the country to provide safe and efficient instant payment services that clear and settle in real time, around the clock, 365 days a year. Since then we’ve gathered industry feedback and recently announced details on the service’s features and functionality. This session will share both a retrospective of the Federal Reserve’s role in payments and a forward-looking view of our first new payment service in more than 40 years.