As previously announced, the Federal Reserve is seeking payments industry leaders with varied expertise to participate in an interactive payments community to help inform and evolve the development of the FedNow Service. Members who enroll by June 22 will receive an invitation to the FedNow Community kickoff webinar with FedNow Program Executive Ken Montgomery planned for June 24, 2020.

Through the FedNow Community, members will have opportunities to engage in activities that inform or support:

  • Design of the service and product development roadmap
  • Readiness for onboarding and implementation
  • Technology and implementation plans

Participants in the Community will also receive regular updates on the FedNow Service and notification of any input opportunities.

The Federal Reserve seeks active participation from a variety of organizations that will represent the key constituents of the FedNow Service ecosystem. Over the course of developing the FedNow Service, the Federal Reserve will call upon community members to provide insights via focus groups, work groups, conference calls, virtual meetings, surveys and other channels.

If you have the interest, expertise and willingness to commit time to the FedNow Community, please submit the participant profile form. The information from your participant profile form will be used to solicit input and participation on efforts based on relevant experience, expertise and your organization’s role in faster payments, as appropriate.

To learn more about the FedNow Service, please review the FedNow Service FRBservices.orgSM page, product sheet (PDF) and Frequently Asked Questions (Off-site). If you are unable to commit to the FedNow Community at this time but would like to stay informed about the latest FedNow news, please sign up to receive FedNow emails.