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07/20/2023

Federal Reserve Announces that Its New System for Instant Payments, the FedNow® Service, is Now Live

The Federal Reserve on Thursday announced that its new system for instant payments, the FedNow® Service, is now live. Banks and credit unions of all sizes can sign up and use this tool to instantly transfer money for their customers, any time of the day, on any day of the year.

View the full press release at federalreserve.gov.

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