FedNow® Service
Settle FedNow Payments Through PCBB
We are a certified service provider for the FedNow Service, which means we are ready to help you get started offering faster payments to your customers. FedNow Service is a secure and efficient way to send and receive instant payments 24/7, 365 days of the year.
As a correspondent bank, we offer a comprehensive solution for managing liquidity and transaction settlement nationwide to community financial institutions. We consistently provide a seamless experience and are ready to be your ideal settlement agent for the FedNow Service. No third-party integration is needed — our cash management platform is core agnostic.
Benefits to Your Financial Institution:
| Helps you attract customers and meet the needs of your customers | |
| Real-time settlement |
Benefits for Your Customers:
| Optimal management of cash flow | |
| Fewer late fees | |
| Instant settlement of payments |
Implement the FedNow Service as Part of Your Payment Strategy
PCBB is integral in the collaboration and development of faster payments.
If your institution is looking to utilize the FedNow Service as a faster payment option, then consider PCBB as your settlement and liquidity provider for the service.
Get Started with the FedNow Service Using PCBB as Your Settlement Provider
No third-party system integrations necessary
Select front-end provider for the FedNow application
PCBB handles your transactions, posting them to Correspondent Bank Connection (CBC) platform
Settle Funds Through Our Correspondent Banking Platform
Manage your settlement activity efficiently through CBC. Review daily transactions, access reporting, and facilitate reconciling activity.
Faster Payments Preparation Resource
We highlight several payments options and take a detailed look at the FedNow Service platform.
Learn what you can do to prep for faster payments in our latest insight paper.