Industry Stories
Since its launch in July 2023, banks and credit unions across the U.S. have adopted the FedNow® Service, an instant payments infrastructure that enables participants to send and receive payments within seconds — 24 hours a day, seven days a week.
This page features industry stories highlighting the successes of financial institutions and service providers live on the FedNow Service.
ABNB Federal Credit Union
“We are already seeing that the growth has been exponential. When the FedNow Service joined the market, it accelerated everything and created a drive to build.”
1st Source Bank
“Our enabled customers have embraced the innovation of instant payments and are reaping the benefits of the FedNow Service in their daily business transactions.”
Read More about the 1st Source Bank success stories from the first year of the FedNow Service
Fiserv
“The ability to offer instant payments capabilities impacts nearly every payment service, payment experience and payment system in place today.”
JPMorgan Chase
“As instant payments become increasingly popular around the globe, connecting to the FedNow Service was a critical step when it came to providing faster payments for our clients.”
Read More about J.P. Morgan Chase and providing faster payments for their clients