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Orum to offer fedNow instant payments

Finextra

Orum, the simplest API for fast, reliable payments, today announced that it is live with FedACH and will be adding FedNow and FedWire services.

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The Impact of FedNow on the US Payments Landscape

Segpay

What is FedNow? Last year, the Federal Reserve launched FedNow, an instant payment service expected to revolutionize the US payment landscape. The Federal Reserve’s goal is to achieve wide adoption of FedNow over time, much like the Fedwire ® Funds Service and FedACH ® Services. No ‘pass-through’ fees.

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Federal Reserve Raises 2020 Payment Services Fees By 2.4 Pct.

PYMNTS

The Federal Reserve Board has approved a new fee schedule for payment services in 2020 that is overall 2.4 The new payment services fees go into effective on Jan. Fees will stay the same as 2019 for the FedACH service, National Settlement Service and Fedwire Securities Service. percent for check services , 3.7