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FedNow Insight From an Early Adopter

Pioneers of Now represent engaged financial institutions and service providers united by their commitment to early adoption of the FedNow Service, which launched in July. The Fed recently spoke with a representative of a commercial bank operating more than 2,000 branches to discuss their biggest takeaways from implementation and resource planning for the FedNow Service; why it is important for financial institutions interested in instant payments to act now; and how they predict the payments industry will continue evolving.

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