Watch this new video featuring FedNowSM Program Executive Ken Montgomery for a look at why the time is right to modernize the U.S. payment system and why the Federal Reserve’s work is progressing for the FedNow Service, a safe and efficient instant payments infrastructure.

The FedNow Service will enable financial institutions of all sizes to meet growing customer demand for innovative payment options and also support the Federal Reserve’s commitment to providing solutions that benefit everyone in the financial system — and the broader economy.

Learn more

Discover more on the FedNow Service section of our website, including a product sheet (PDF) and an Instant Payments Education series.