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PNC Bank joins the Federal Reserve’s FedNow Service to expand its instant payments capabilities, enabling real-time money movement 24/7 across the U.S.

PNC Bank Expands Immediate Payments Solutions by Joining the FedNow® Service

October 22 2025

PNC Bank announced it has expanded its instant payments capabilities by joining the Federal Reserve’s instant payments system, the FedNow

News

Federal Reserve Financial Services raises FedNow Service network transaction limit from $1 million to $10 million, with comments from Chief Payments Executive Mark Gould.

FedNow® Service Will Raise Transaction Limit to $10 Million to Meet Increased Demand, Unlocking Higher-Value Use Cases

September 10 2025

Federal Reserve Financial Services will increase the FedNow Service network transaction limit from $1 million to $10 million

News

Federal Reserve Board Takes Action to Address Consumer Compliance Breakdowns by Green Dot

Federal Reserve Board Takes Action to Address Consumer Compliance Breakdowns by Green Dot

July 22 2024

The Federal Reserve Board on Friday took action to address consumer compliance breakdowns by Green […]

News

Federal Reserve Financial Services Introduces FedNow® User Group to Promote Collaboration, Engagement Among More Than 600 FedNow Participants

Federal Reserve Financial Services Introduces FedNow® User Group to Promote Collaboration, Engagement Among More Than 600 FedNow Participants

March 15 2024

Federal Reserve Financial Services (FRFS) has introduced the new FedNow User Group to continue promoting […]

Thought Leadership

Thought Leadership

EXCLUSIVE: "Sticks and Carrots" - Fiona McFarlane in 'The Fintech Magazine'

EXCLUSIVE: "Sticks and Carrots" - Fiona McFarlane in 'The Fintech Magazine'

October 11 2023

It sounds obvious, but fintechs don’t behave like incumbent banks. Regulators took a while to […]

Mark Gould