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How will you participate in the FedNowSM Service?

Making the FedNow Service accessible to financial institutions of all sizes is a top priority of the Federal Reserve Banks. To help make this a reality, we’re implementing flexible design features such as the ability to choose from a variety of participation options.

As financial institutions prepare for the FedNow Service, they should start thinking about the FedNow participation types – send and receive, receive only, liquidity management transfers and settlement services – that will allow them to support their business and customer needs.

Financial institutions can enable almost any combination of these options, with a few exceptions. Each option allows for several different configurations, providing financial institutions with the flexibility to participate in a way that works best for them.

Read the full blog post to get the details and learn more.