Advancing real-time payments to the next level

The FedNow® Service expands the ability to transfer funds between accounts, pay bills and send money not in minutes, but seconds — 24/7/365.

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"We are dedicated to being at the forefront of payments innovation and will continue to optimize our real-time payments (RTP) offering for our clients. That's why we are among the first financial institutions to join the FedNow Service, just as we were one of the first to join The Clearing House's (TCH) RTP network in 2017."

Frequently asked questions

In late 2020, the Federal Reserve announced that it would build a 24/7 Real-Time Gross Settlement (RTGS) system called the FedNow Service. It now joins The Clearing House’s Real-Time Payments network to become the second instant payments system in the U.S.

The FedNow Service will extend the reach of real-time payments in the U.S., especially among small and mid-sized banks, driving toward 100% faster payments ubiquity.

Gaining access is as simple as becoming a J.P. Morgan Payments client. With one API integration, you can access both the FedNow Service and TCH RTP rails.

No, the J.P. Morgan Payments solution optimizes across TCH and the FedNow Service rails for each transaction.

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