The FedNow whitepaper explains the launch of the US Federal Reserve’s real-time payments system in July 2023, joining global instant payment networks. FedNow enables 24/7 transfers, request-for-payment services, real-time cash flow dashboards, automated reconciliation, and on-demand salary payments, enhancing liquidity and financial wellness. Unlike RTP, which clears via The Clearing House, FedNow settles through the Fed’s master accounts, offering broader participation and trust. Adoption requires ISO20022 compliance, core system readiness, and strategy alignment. Aspire provides a FedNow Playbook, certified partnerships, and integration expertise to help banks and businesses leverage real-time payments for innovation and growth.

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