NetXD Launches Live FedNow Support to Streamline Instant Payments for Banks

NetXD has achieved certification to support live transactions on the Federal Reserve’s FedNow Service, enabling financial institutions to process instant credit transfers and requests for payment. For fintech professionals, this represents a streamlined path to real-time liquidity, allowing banks to bypass legacy core system overhauls while unifying FedNow and RTP connectivity.

What was announced

NetXD’s XD Payments platform is now live on the FedNow Service, offering Send and Receive credit transfer capabilities alongside Receive Request for Payment (RFP). The solution is positioned as a bridge for financial institutions to access both the Federal Reserve’s instant payment rail and The Clearing House’s (TCH) RTP network through a single integration point.

The platform integrates with the XD Ledger to address common operational hurdles such as 24/7 reconciliation bottlenecks and real-time fraud monitoring. By providing a unified interface, NetXD aims to reduce the technical debt typically associated with payment modernization. The company states that financial institutions can complete the onboarding and implementation process for FedNow in a matter of weeks, significantly faster than traditional core banking migrations.

Beyond FedNow and RTP, the XD Payments suite supports a broader spectrum of transaction types. This includes traditional ACH and Wire rails, cross-border B2B payments via Visa B2B Connect, Pulse network card integrations, and bill payments through Mastercard RPPS. This multi-rail approach allows banks to offer seamless payment experiences to corporate clients and fintech partners without requiring extensive changes to their underlying core infrastructure.

"At NetXD, we are committed to enabling banks to launch exciting new use cases for their customers by unlocking the full potential of Instant Payments,"

Suresh Ramamurthi, Chairman, NetXD Inc.

The companies involved

NetXD is a fintech provider focused on payment modernization and ledger technology. Led by Chairman and Founder Suresh Ramamurthi, the company provides the XD Payments platform, which acts as a centralized hub for various domestic and international payment rails. Its focus on speed to market targets mid-tier and smaller financial institutions that may lack the resources for massive internal research and development projects.

The FedNow Service is the Federal Reserve’s instant payment infrastructure, designed to provide safe and efficient real-time payment services across the United States. Since its launch, it has grown to include a diverse ecosystem of banks and service providers. The Clearing House (TCH), which operates the competing RTP network, is a banking association and payments company owned by several of the world's largest commercial banks. TCH has a long-standing presence in the U.S. payments landscape, providing the first major real-time payment rail in the country prior to the arrival of the FedNow Service.

What FF News has reported before

FF News has closely tracked the evolution of the U.S. instant payments landscape. This includes the Federal Reserve’s move to expand FedNow to cross-border payments, a significant step in unlocking global transaction support. We have also covered how other players are navigating this space, such as Unit launching 24/7 real-time payments to eliminate banking calendar delays and Coinbax introducing instant payment controls for both FedNow and RTP. Additionally, the industry's focus on readiness was highlighted by XMLdation’s launch of the Buddy Bank™ simulator, which assists U.S. banks in testing their RTP capabilities.

What this means

The certification of third-party providers like NetXD is essential for the mass adoption of FedNow. While the Federal Reserve provides the rails, the "last mile" integration remains a significant hurdle for smaller banks tied to legacy cores. By offering a single solution for both FedNow and RTP, NetXD puts pressure on traditional core banking providers who have historically been slow to modernize. This move signals a shift toward rail-agnostic payment hubs, where the specific network matters less to the end-user than the speed and cost of the transaction. The industry must now address whether this fragmentation of service providers will lead to a more resilient ecosystem or a new set of interoperability challenges.