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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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Federal Reserve launches FedPayments Insights Service

The Paypers

The Federal Reserve has announced the launching of a new service to help financial institutions to track trends for payments settled through its FedACH service.

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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

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The Impact of FedNow on the US Payments Landscape

Segpay

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. What is FedNow?

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Ticking Off The Boxes On The Fed’s Checklist Of B2B Payments Priorities

PYMNTS

Formerly known as the Remittance Coalition, the Federal Reserve Bank of Minneapolis’ Business Payments Coalition is relying on corporate collaboration to promote the adoption of electronic B2B payments. The concept of a B2B payments directory isn’t new. The Federal Reserve, however, is ramping up efforts to change that.

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