On Apr. 16, Fed reported sequencing gaps due to equipment updates.
Fed United States Currency Program (USCP) is modernizing its banknote production equipment, and as a result, serial number patterns in straps may be out of sequence.
Program Updates
Starting Jun. 24, 2025, FedNow participants will have access to new account activity threshold functionality, and can define value/velocity thresholds per customer segment
FedNow Service transaction limits have also increased from $500,000 to $1 million.
Financial institutions on the FedNow Service can use up to $1mn transaction limit to send higher-value credit transfers, in business, real estate and payroll account funding.
