FedNow
FedNow is an instant payment service developed by the Federal Reserve for depository institutions in the United States, which allows individuals and businesses to send and receive money. The service launched on July 20, 2023. Banks will be able to build products on top of the FedNow platform.By 2024, hundreds of banks and credit unions were reportedly utilizing the service.
| Developer(s) | Federal Reserve |
|---|---|
| Initial release | 20 July 2023 |
| Available in | English |
| Type | E-commerce payment system |
| Website | FedNow |
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