Payment groups support proposed FedNow cross-border extension

# Payment groups support proposed FedNow cross-border extension

> Evidence tier: B2
> Evidence type: Secondary financial-media report on industry responses to a Federal Reserve proposal
> Source: [East & Partners](https://eastandpartners.com/news/support-builds-for-fednow-cross-border-payments-extension)
> Published: 2026-08-12
> Captured: 2026-08-12T14:16:23.821Z

## Source summary

East & Partners reports that Wise, Visa, Stripe, Finastra and industry groups support a Federal Reserve proposal that would let U.S. banks use FedNow to transfer funds through an intermediary or non-U.S. correspondent bank. FedNow currently supports domestic payments between U.S. banks and credit unions; the article says the network has about 1,800 participating institutions and highlights its 24/7/365 availability.

## Why it matters

If finalized, the change could make FedNow one domestic leg of a faster cross-border route and give payment providers another settlement option. It does not itself connect FedNow to foreign instant-payment systems, and this is an industry-response report rather than a final Federal Reserve rule; launch timing, eligible intermediaries, corridors, pricing and irrevocability controls remain unresolved.

## Key numbers

- **FedNow participants cited:** about 1,800
- **FedNow operating availability:** 24/7/365

## Topics and entities

- Industry lane: Payment infrastructure
- Entities: Federal Reserve / Wise / Visa / Stripe / Finastra
- Payment infrastructure
- Cross-border payments

## Evidence and credibility note

Secondary East & Partners report describing industry support for a Federal Reserve proposal. The proposal is not final and no live cross-border FedNow service or corridor performance is established.

Date evidence: Automatically verified from JSON-LD datePublished: 2026-08-12T04:19:39+00:00

## First-party corroboration

No directly corresponding A1 company announcement is currently linked.

## Original-source traceback

[Open the original East & Partners report](https://eastandpartners.com/news/support-builds-for-fednow-cross-border-payments-extension)

---

This is a structured Payments Hot Markdown source summary derived from external reporting. Use the original link above to read the publisher's article; copyright remains with the original publisher.