FedNow
US Federal Reserve real-time payment rail launched in 2023 — 24/7 credit transfers.
FedNow is a real-time payment rail routed by KeyBS Pay. US Federal Reserve real-time payment rail launched in 2023 — 24/7 credit transfers.
Payouts routed through FedNow settle to beneficiary accounts in US. Where FedNow is available for the destination country, it is the default rail for eligible payouts.
Every FedNow payout is subject to KYB, KYC and sanctions screening. Pricing is disclosed in full before approval; failed payouts return a signed webhook event with a machine-readable reason code and remain refundable per program policy.
Corridor mechanics at a glance
Every KeyBS Pay payout follows the same operational contract; only the rail changes.
How a FedNow payout moves through KeyBS Pay
FedNow settles in real-time on eligible USD destinations.
Popular FedNow searches
Auto-generated from real query patterns across the KeyBS Pay hub.
Ask AI about the FedNow rail
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Countries reachable via FedNow
FedNow by industry
FedNow developer resources
Frequently asked questions
What is FedNow?
US Federal Reserve real-time payment rail launched in 2023 — 24/7 credit transfers.
How fast is FedNow?
Real-time. Actual settlement time is disclosed pre-approval and confirmed by signed webhook once the beneficiary bank acknowledges the credit.
Which countries can I reach through FedNow?
US. Availability is beneficiary-bank-dependent; the router falls back to wire if the beneficiary bank is not on FedNow.
What currencies are supported on FedNow?
USD is the primary settlement currency for FedNow. Multi-currency corridors are supported where the rail permits.
What limits apply on FedNow?
Rail-specific ceilings apply; the platform surfaces them pre-approval. Higher-value transactions are automatically routed to wire.
Is FedNow available 24/7?
Real-time rails (including FedNow) operate around the clock. Batch and wire rails follow the local banking window.
How do I integrate FedNow?
You don’t. KeyBS Pay abstracts rail selection: submit a payout to POST /v1/payouts and the router picks the fastest eligible rail. Use "method": "auto" (default) or force a specific method where policy requires.
Is FedNow regulated?
Yes. KeyBS Pay routes FedNow payouts only through partners licensed for the destination corridor.
Can I get a FedNow settlement report?
Yes. Per-rail, per-corridor reconciliation reports are available in the dashboard and via API export.
What happens if a FedNow payout fails?
Failed payouts return a signed webhook event with a machine-readable reason code. Funds remain in the source ledger and can be re-routed or refunded.
How is pricing set for FedNow?
Quote-based, disclosed in full pre-approval. No undisclosed intermediary-bank deductions on eligible local rails.
Can I use FedNow for consumer payouts?
Yes, where the beneficiary and route policy permit consumer flows. Stablecoin routes are business-only.
Are there cutoffs on FedNow?
Real-time rails have no cutoffs. Batch and wire rails follow local banking-day windows; cutoffs are shown at quote time.
Does FedNow support idempotent retries?
Yes. Every KeyBS Pay payout carries an Idempotency-Key so retries after transient errors are safe.
Which industries use FedNow most?
Marketplaces, cross-border trade, workforce and NGO programs are the largest users of FedNow on the KeyBS Pay platform.
Route your first FedNow payout
Rail selection is automatic — you never have to pick one manually unless program policy requires it.