FedNow Service Overview (MP4)

The FedNow Service is a new instant payment service from Federal Reserve that will enable financial institutions of every size, and in every community across the U.S., to provide safe and efficient instant payment services in real time, around the clock, every day of the year.

Learn how community banks can help their customers send instant payments like the Venmos and PayPals of the world.

Learning Objectives:

• Overview of real-time payments

• Learn about the FedNow Service

• Learn how it will broaden access to instant payment features

• Understand how to help both consumers and businesses obtain their payments faster

• Become familiar with fraud considerations

Recorded February 9, 2023.