The Federal Reserve Board announced pricing for payment services offered by the Federal Reserve Banks, effective Jan. 2.
Fed announces pricing for payment services
November 20, 2023 / By ICBA
The Federal Reserve Board announced pricing for payment services offered by the Federal Reserve Banks, effective Jan. 2.
The Federal Reserve Board announced pricing for payment services offered by the Federal Reserve Banks, effective Jan. 2.
Details: The Fed said:
The announcement affects services such as the clearing of checks, ACH transactions, and wholesale payment and settlement services.
The price changes will result in a 1.8% average price increase for established, mature services.
It expects to recover 103% of actual and imputed expenses in 2024.
The Reserve Banks will maintain the existing fee schedule for the FedNow Service.
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