Ten Steps of FedNow Onboarding

Once your financial institution commits to joining the FedNow^® Service, the onboarding phase begins. The process pairs a digital onboarding tool with a dedicated customer service model and is designed to provide transparency, efficiency and support every step of the way.

Understanding what it takes to go live on the service can help make the process feel more manageable. Although each organization’s onboarding will be unique, financial institutions can expect to follow the general steps you can find by clicking Read More below.

Several participants on the FedNow Service have shared their journey to instant payments as well as innovative ways they are using the service to meet customer needs. You can find their stories on FRBservices.org.

Click here to listen to our interview with Mark Gould on our podcast, The Payments Space. 

Will your institution be next? Let ePayAdvisors perform an operational analysis to get you started in instant payments on the right foot. Click here to submit a Request for Proposal.