How the FedNow Instant Payment System Is Reshaping Banking

The Federal Reserve's FedNow instant payment service launched in 2023. Two years later, in mid-2026, it's quietly changing how banks move money. Lucas and Luna dig into the numbers: over 8,000 financial institutions now live, $40 billion in monthly volume, and the surprising winner isn't a fintech — it's community banks. They explore how FedNow is competing with The Clearing House's RTP network, why credit unions are adopting faster than megabanks, and what it means for the consumer. No hype, just the real state of play. Plus: a brief, sincere note on why Fexingo stays ad-free and how listeners support that choice. #FedNow #InstantPayments #FederalReserve #RealTimePayments #RTP #Banking #CommunityBanks #CreditUnions #PaymentSystems #Fintech #Business #Technology #FexingoBusiness #BusinessPodcast #FinancialInfrastructure #LiquidityManagement #ACH #PaymentRails Keep every episode free: buymeacoffee.com/fexingo