
Banking
Federal Reserve Lifts FedNow's Transaction Cap to $10 Million
The Federal Reserve raised the per-transaction ceiling on its FedNow instant payment rail tenfold, effective January 1, 2026, clearing the way for larger…
Banking covers institutions and their systems: how deposits are funded and priced, what a core migration involves, which licensing route a provider chose, and the cost per account determining viability. Written for bank product and strategy teams, and for anyone assessing a digital institution's durability.

The Federal Reserve raised the per-transaction ceiling on its FedNow instant payment rail tenfold, effective January 1, 2026, clearing the way for larger…