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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. percent for FedLine customers. percent for FedLine customers. The Reserve Banks estimate that they will recover 100.8

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What Is FedNow & How Can Businesses Prepare for It?

Seon

Launched on July 20, 2023, the FedNow Service is an instant payment system created by the Federal Reserve for American households and businesses. It offers the ability to utilize instant payment services to customers of any sized bank and credit union. What Is FedNow?

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