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fednow

U.S. Federal Reserve Officially Launches New Instant Payment Service FedNow

The new instant payment infrastructure of the U.S. Federal Reserve, called FedNow, has officially been launched. Banks and credit unions…

July 21, 2023

JPMorgan Chase and 40 Other US Banks Conducting FedNow Trial Runs Ahead of the Instant Payment Service’s Launch

Banking giant JPMorgan Chase and 40 other US banks are testing the Federal Reserve's new instant payment infrastructure called FedNow.…

July 1, 2023

Will US Government Freeze Bank Accounts Through Payments Network FedNow? Agency Responds to Criticism and Concern

Fed officials are addressing concerns that FedNow, the new instant payment infrastructure developed by the Federal Reserve, will allow the…

May 15, 2023

US Banker Calls Digital Currency From US Federal Reserve Bank ‘Inevitable’

Philadelphia Federal Reserve Bank President Patrick Harker says it’s “inevitable” that the US Federal Reserve and other central banks will…

October 3, 2019