Press Releases
Media Contact
Reporters and members of the media with inquiries about products or services of Federal Reserve Financial Services (FRFS) can contact us at FRFS.Media@chi.frb.org. Please include a requested deadline to respond.
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Federal Reserve Board - Federal Reserve Board announces it will extend until September 6, 2024, the comment period on proposal to expand operating days of the Federal Reserve Banks’ two large-value payments services, Fedwire Funds Service and the National Settlement Service (Off-site)
- June 21
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2024 Findings from the Diary of Consumer Payment Choice highlight increased payments and stable demand for cash since the pandemic
- May 13
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Federal Reserve surveys: U.S. businesses, consumers increasingly adopt faster and instant payment services
- May 06
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Federal Reserve Board - Federal Reserve Board requests comment on proposal to expand the operating days of the Federal Reserve Banks’ two large-value payments services, Fedwire Funds Service and the National Settlement Service, to include weekends and holidays (Off-site)
- May 03
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Federal Reserve Financial Services introduces FedNow® User Group to promote collaboration, engagement among more than 600 FedNow participants
- March 14
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Federal Reserve Financial Services launches new ACH risk management service to help financial institutions detect atypical activity
- January 25
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FedNow® Service ends 2023 on a strong note with more than 300 participating financial institutions on board
- December 14
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Federal Reserve Board approves fee schedule for Federal Reserve Bank priced services (Off-site)
- November 17
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Federal Reserve Announces Broad Availability of E-Manifest Service to Bring Greater Transparency, Efficiency to U.S. Cash Supply Chain
- October 26
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FedNow® Service hits new milestone with more than 100 participating organizations
- October 03
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FedNow® Service Industry Work Group Issues Market Practices for Request for Payment
- September 26
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The Federal Reserve announces that its new system for instant payments, the FedNow® Service, is now live.
- July 20
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Federal Reserve Names Organizations Certified as Ready for FedNow® Service
- June 29
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Federal Reserve Surveys: U.S. businesses, consumers want faster payment options to help navigate evolving needs
- May 24
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Consumer payment survey shows continuation of pandemic trends, including rising credit card usage and enduring demand to hold cash
- May 19
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Federal Reserve releases data on noncash payments in 2021 (Off-site)
- April 26
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The Federal Reserve Announces July Launch for the FedNowSM Service
- March 15
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Federal Reserve Board approves fee schedule for Federal Reserve Bank priced services (Off-site)
- November 04
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Federal Reserve launches service to help financial institutions track trends for payments settled through its FedACH® Service
- September 19
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Federal Reserve updates FedNowSM Service timing to mid-2023, marks beginning of full-scale pilot testing
- August 29
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Federal Reserve Board announces final timeline and implementation details for adoption of new Fedwire Funds Service message format (Off-site)
- June 27
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Federal Reserve survey: Consumers demanding faster payment options to fit their digital, always-on lives
- May 16
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FedNowSM Service Pilot Program Achieves Message Delivery Milestone, Welcomes New Participants
- May 02
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More than 70 organizations showcase instant payments solutions for FedNowSM Service implementation
- March 08
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Federal Reserve Announces FedNowSM Service Pricing Approach, Credit Transfer Limit
- January 27
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Federal Reserve Issues Update to Payments Study (Off-site)
- December 22
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Federal Reserve Board approves fee schedule for Federal Reserve Bank priced services (Off-site)
- December 02
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Federal Reserve Launches New Service to Provide Alerts on Potential Duplicate Check Deposits
- November 15
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Federal Reserve Launches New Tools and Support to Accelerate Industry Readiness for Instant Payments
- October 20
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Federal Reserve Board announces the Reserve Banks will adopt a new message format for the Fedwire® Funds Service and invites public comment on proposal to expedite adoption (Off-site)
- October 04
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Federal Reserve Survey: Businesses Increasingly Demand Faster Payments that Match the Speed of Digital Commerce
- August 31
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Federal Reserve announces ISO® 20022 specifications for initial launch of its FedNowSM Service for instant payments
- March 31
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Federal Reserve updates FedNowSM Service launch to 2023
- February 02
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Federal Reserve announces FedNowSM Pilot Program Participants
- January 25
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Federal Reserve Board approves fee schedule for Federal Reserve Bank priced services (Off-site)
- November 10
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Federal Reserve Board publishes detailed noncash payments data from the 2019 Federal Reserve Payments Study (Off-site)
- October 29
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Federal Reserve announces FedNowSM Pilot Program
- October 13
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Federal Reserve Board amends implementation date of modifications to Reserve Bank payment services and corresponding changes to the Policy on Payment System Risk (Off-site)
- September 25
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Federal Reserve announces details of new 24x7x365 interbank settlement service with clearing functionality to support instant payments in the United States (Off-site)
- August 06
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Federal Reserve Board to maintain the current schedule of prices for most payment services that the Federal Reserve Banks provide to depository institutions in 2021 (Off-site)
- July 21
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Federal Reserve announces FedNowSM Community
- May 06
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Federal Reserve Board announces temporary actions aimed at increasing the availability of intraday credit extended by Federal Reserve Banks (Off-site)
- April 23
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Federal Reserve takes additional actions to provide up to $2.3 trillion in loans to support the economy (Off-site)
- April 09
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Federal Reserve Actions to Support the Flow of Credit to Households and Businesses (Off-site)
- March 15
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Federal Reserve approves modifications to National Settlement Service and Fedwire® Funds Service to support enhancements to the same-day automated clearinghouse service (Off-site)
- December 23
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Federal Reserve payments study finds growth in card and automated clearinghouse payments (Off-site)
- December 19
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The Federal Reserve Joins the U.S. Faster Payments Council as Founding Sponsor
- December 05
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Federal Reserve Board approves fee schedule for Federal Reserve Bank priced services (Off-site)
- November 27
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Federal Reserve Banks Pause Fedwire® Funds Service’s Migration to ISO® 20022 Messages to Assess Industry Request
- September 23
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Federal Reserve Names Ken Montgomery Leader of Newly Announced FedNowSM Service for Real-Time Gross Settlement of Faster Payments
- August 15
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Federal Reserve announces plan to develop a new round-the-clock real-time payment and settlement service to support faster payments (Off-site)
- August 05
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Federal Reserve requests comment on potential modifications to operating hours for the Reserve Banks' National Settlement Service and Fedwire Funds Service (Off-site)
- May 09