Wire · technology
FedNow Takes Steps Toward Cross-Border Payments
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Fusion42 · 24 September 2026 · Fusion42 review
The Federal Reserve's FedNow network is advancing to support cross-border payments by enabling enhanced message formats for international transactions, while continuing to rely on correspondent banks for the international leg. This expansion aims to facilitate real-time domestic payment processing for global transactions, opening new opportunities for financial institutions serving customers with cross-border payment needs.
This Wire brief sits within Fusion42's coverage of Fintech, and 3 sources have reported it between 24 Sep 2026 and 25 Sep 2026.
◆ ◆ The Wire takeaway
FedNow now accelerates the domestic side of global transactions, giving you a faster onramp for cross-border payments. Focus on building services that smooth the international leg, since that remains slow and costly.
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3 sources · first reported 24 Sep 2026 · latest 25 Sep 2026
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