Nacha News

Nacha creates broadly adopted payment and financial messaging rules and standards through consensus-led governance, international collaboration, and innovative development practices. We continually advance the ubiquitous ACH Network and engage diverse stakeholders to accelerate a digital future of global financial services interoperability.

Federal Reserve to Build a Real-Time Payment and Settlement Service to Support Faster Payments

The Federal Reserve Board has announced that the Federal Reserve Banks will develop a new round-the-clock real-time payment and settlement service, called the FedNow℠ Service, to support faster payments in the United States. The Board's Federal Register notice and a list of frequently asked questions can be accessed now. Comments are requested within 90 days of publication in the Federal Register, which is likely to occur next week.

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