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Fed's Instant Payments System to Launch in July

Fed's Instant Payments System to Launch in July
(AP)

Wednesday, 15 March 2023 05:27 PM EDT

The U.S. central bank will launch its "FedNow" instant payment service in July, the Federal Reserve said Wednesday, with certification and testing for early adopters starting in the first week of April.

Announced in 2019, FedNow will allow banks to instantly transfer payments across the financial system.

© 2025 Thomson/Reuters. All rights reserved.


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The U.S. central bank will launch its "FedNow" instant payment service in July, the Federal Reserve said Wednesday, with certification and testing for early adopters starting in the first week of April.
fed instant payment system
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2023-27-15
Wednesday, 15 March 2023 05:27 PM
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