The FedNow® Service
Instant payments are the future – Catalyst and The FedNow Service deliver today.
The FedNow instant payments platform enables credit unions to send and receive payments instantly, 24/7/365. Whether it’s a member transferring funds after hours or a business settling invoices in real time, FedNow keeps your institution relevant in a fast-moving payments landscape.
Simply put, Catalyst provides the best way for credit unions to deploy instant payments, delivering a differentiated FedNow solution deployed with speed, precision and intelligence. Catalyst is your choice to Send, Receive and Settle with FedNow instant payments.
- Multi-Platform Connectivity: core and digital banking platform agnostic, Catalyst can bring FedNow instant payments to virtually any credit union
- End-to-End Support: from strategic planning to testing and launch, our experts guide you every step of the way
- Simplified Deployment: dedicated FedNow account for easy tracking and reconciliation, line of credit ensures liquidity, robust dashboard delivers immediate insights
- Extended Settlement: enjoy more earning hours compared to the Fed’s daily cycle date rollover
Built for Credit Unions
Our solutions are tailored to the operational and strategic needs of credit unions – with competitive pricing and personalized service.
The FedNow Service is becoming the standard by which financial institutions exchange funds, and the pace of implementation is accelerating. FedNow is the fastest growing new payment rail ever deployed, accessible to all financial institutions and designed to meet today’s demand for speed, flexibility and seamless digital experiences.
Credit unions who implement FedNow can:
- Enhance competitiveness by keeping pace with leading banks and fintechs
- Service growing member segments like gig economy workers
- Reduce settlement times from days to seconds
- Meet member expectations with always-on payments
- Unlock use cases to generate new revenue and deliver new member benefits
FedNow instant payments enable a wide range of use cases, including:
- Immediate payday and emergency payroll
- Government and insurance disbursements
- Direct and indirect lending
- Bill and invoice payments
- Real-time loan funding
- Instant account-to-account transfer
- Digital wallet funding and transfers
- Point-of-sale transactions
Let’s get started together.
Important Disclosures:
FedNow® is a registered service mark of the Federal Reserve Banks. Catalyst is not affiliated with or endorsed by the Federal Reserve.