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FedNow® Service will raise transaction limit to $10 million to meet increased demand, unlocking higher-value use cases

Federal Reserve Financial Services (FRFS) will increase the FedNow Service network transaction limit from $1 million to $10 million in response to growing commercial demand, effective November 2025.
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Federal Reserve Financial Services Completes ISO® 20022 Migration for ...

Federal Reserve Financial Services (FRFS) today announced the completed migration to the ISO 20022 message format for the Fedwire Funds Service, a major advancement in the evolution of the nation ...