PAYALL PAYMENT SYSTEMS NOW SUPPORTS LIVE TRANSACTIONS ON FEDERAL RESERVE’S INSTANT PAYMENT RAIL, THE FEDNOW SERVICE
16 September 2025 – Payall Payment Systems, Inc. announced today that it is now able to support live transactions on the Federal Reserve’s instant payment rail, the FedNow Service. This makes Payall one of the service providers facilitating transaction activity for financial institutions on the service.
Through the FedNow Service, Payall can offer financial institution customers access to instant payments, helping them stay competitive and provide exceptional service to their customers.
Nick Stanescu, Executive Vice President and Chief Executive of the FedNow Service, commented on this development, saying, “As a service provider of the FedNow Service, Payall Payment Systems plays a crucial role in supporting instant payment capabilities for a diverse range of financial institutions across the country. This widespread reach brings us one step closer to our shared vision of a modern payment experience for all.”
To support transaction activities for financial institutions participating in the FedNow Service, Payall completed a multi-step customer testing and certification program. The FedNow Service network includes a diverse range of financial institutions and service providers across the United States.
Gary Palmer, President and CEO of Payall, expressed excitement about providing U.S. deposit institutions with fast, easy, low-cost, and safe access to the FedNow Service. He added, “We prioritize safety – our risk, compliance, and other innovations are showcased on the FedNow Service Provider Showcase and were purpose-built to enable cross-border payments that are safe, transparent, fast, low-cost, and inclusive for correspondent banks and originating institutions. Our capabilities eliminate the trade-offs between faster and safer payments, whether delivered to bank accounts, mobile money, digital wallets, cards, or cash globally. And now, we also include domestic transactions by utilizing our capabilities for the FedNow Service.”
Financial institutions and service providers will continue to onboard throughout 2025 and beyond, contributing to the FedNow Service’s goal of building a robust instant payments infrastructure across the United States.
About Payall Payment Systems, Inc.
Payall enables banks, other financial institutions, and regulated entities to offer safe, transparent, low-cost, immediate, and inclusive cross-border payments. Payall has pioneered the first-ever multi-currency global single shared platform as a modular infrastructure that solves the various challenges facing originating institutions, correspondent banks, and new alternatives to correspondent banks, intermediate banks, central banks, regulators, domestic payment networks, and liquidity providers. Inspired by first-principles, Payall’s breakthrough capabilities digitize end-to-end counterparty risk management, multi-jurisdictional compliance, real-time event surveillance and intervention, dynamic transaction decisioning across multiple institutions and countries, as well as a global gateway that intelligently routes payments to last-mile partners, including domestic bank transfer networks, mobile money operators, digital wallets, and cash networks reaching up to 95% of the world’s population. Payall’s technology seamlessly integrates with core bank systems and digital bank platforms or operates as a “bank-in-a-box” for a complete digital presence. With Payall, banks and other financial institutions can offer cross-border product experiences their customers need, but no bank has ever offered.
Payall is backed by Andreessen Horowitz Fund (A16Z), Ventura Capital, Thomson Reuters Ventures, Motivate Ventures, BAT-VC, Presidio Ventures / Sumitomo Corp, PS27 Ventures, and other notable family offices and industry icons.
To learn more, visit www.payall.com. Follow Payall on LinkedIn and X.
For More Information:
Adriana Arnaut
Director of Marketing & Communications
adriana.arnaut@payallps.com
