TechFlow news, according to the Federal Reserve's official website, its instant payment system FedNow has officially launched. This system allows banks and credit unions to register and use FedNow tools, offering 24/7 service all year round.
The Federal Reserve stated that 35 early-adopter banks and credit unions, along with the U.S. Department of the Treasury's Financial Management Service, are now ready to offer instant payment capabilities via the FedNow service. In addition, 16 service providers are already prepared to support payment processing for banks and credit unions.




