03/05/2025

FedNow® Service Announces New Risk Mitigation Features

Plus $1 million transaction limit

Starting in summer 2025, FedNow Service participants will have access to new account activity threshold functionality, which will allow participants to define value and velocity thresholds by customer segment to fit their unique business needs and risk tolerance. The new risk mitigation features will take effect alongside a FedNow Service transaction limit increase from $500,000 to $1 million.

“We're opening up opportunities for our customers to meet market needs, while also maintaining strong risk mitigation controls,” said Mark Gould, chief payments executive for Federal Reserve Financial Services. “The combination of account activity threshold functionality with the increased transaction limit gives participants powerful tools to customize risk parameters across customer segments, from established businesses to retail clients.”

Read More