Fed Hikes Payment Fees Exempts Fednow Service

Fed Hikes Payment Fees Exempts Fednow Service

The Federal Reserve announced an average price increase of 1.8% for traditional payment services, while keeping FedNow service fees unchanged. This move aims to recover costs and promote the FedNow instant payment system. The Fed is also introducing four payment system enhancements to improve efficiency and security, building a more modern payment ecosystem. The unchanged FedNow fees are likely intended to incentivize adoption of the new real-time payment platform.

01/30/2026 International Settlement
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AI and Realtime Data Revolutionize Global Supply Chains

AI and Realtime Data Revolutionize Global Supply Chains

Modern Yard Management Systems (YMS) are transforming supply chain operations by optimizing vehicle flow, enhancing real-time visibility, and improving dock scheduling efficiency. Facing evolving trade policies and market uncertainty, businesses need to embrace digitalization, strengthen collaboration, and improve risk management to navigate challenges and maintain competitiveness. The application of AI in freight bill payment and Transportation Management Systems (TMS) is further enhancing supply chain transparency and control.

01/30/2026 Logistics Industry Insights
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Bank of Baroda Kenya Explains SWIFTBIC Code Use

Bank of Baroda Kenya Explains SWIFTBIC Code Use

This article introduces the SWIFT/BIC code of BANK OF BARODA (Kenya) and its significance in ensuring accurate and efficient international remittances. It also provides the bank's address information and advises regularly checking the validity of this information to facilitate smooth cross-border financial transactions.

08/21/2025 International Settlement
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