Wondering what your customers think of instant payments? Consider this: in new surveys from Federal Reserve Financial Services, 74% of businesses and 79% of consumers indicate they are looking to their financial institution to provide faster and instant payments.  

With the FedNow Service, participating financial institutions unlock a world of instant payments possibilities to meet this growing demand. The service is designed to be flexible, enabling a range of use cases that can be tailored to your customers’ or members’ needs — from digital wallet funding to earned wage access and bill payments.

How will your financial institution use instant payments to meet the needs of your customers or members?  Contact your Federal Reserve relationship manager to discuss your options!

Watch their latest video to see trending real-world use cases and the impact instant payments can have on day-to-day transactions.