Customer Testimonials
In these testimonials, FedNow® Service participants share their instant payment success stories, including paths to adoption, benefits to customers or members, and the role each organization plays in transforming the instant payments landscape.
Catalyst Corporate FCU
“The FedNow Service helps level the playing field for credit unions, and it’s an opportunity for these institutions to maintain — or even build — business in a very competitive market.”
Bridge Community Bank
“Sending capabilities are crucial to our vision because sending unlocks much more potential with the FedNow Service.”
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“The flexibility of the FedNow Service means that, regardless of target use cases or asset size, instant payments adoption can be seamless and easy.”
ABNB Federal Credit Union
“We prioritized the FedNow Service not only as a strategic initiative, but an operational initiative. For us, instant payments meant becoming more efficient in terms of resource management, enabling us to do more with a small team."
1st Source Bank
“As our instant payment volume continues to grow, we are pleased to see that this has increased our overall share of payments. This is just the beginning!”
Read More about the 1st Source Bank success stories from the first year of the FedNow Service
Fiserv
“The FedNow Service and other real-time rails has already transformed the way we move money for consumers and small businesses.”
JPMorgan Chase
“Our clients are leveraging use cases where instant transfers of funds add significant value — whether it’s through solving end-customer pain points or substantially enriching the end-customer experience."
Read More about J.P. Morgan Chase and providing faster payments for their clients