FedNow is an instant payment service developed by the Federal Reserve for depository institutions in the United States, which allows individuals and businesses to send and receive money.

[14] Instant payments with FedNow can accomplish many of the improvements for which a central bank digital currency (CBDC) was proposed.

[17][6] The Federal Reserve published a list of all financial institutions and fintech vendors that were certified and have live Send and Receive on launch day.

RTP is an instant payment system for all US financial institutions, owned by a group of large US banks.

[19] In 2020, Lael Brainard announced the upcoming FedNow service would provide "a neutral platform on which the private sector can build to offer safe, efficient instant payment services to users across the country",[20] after 2018 the European Central Bank launched the TIPS instant payment settlement system.