FedNowSM Pilot Program Expression of Interest Form

The Federal Reserve will accept expressions of interest in the pilot program from eligible members of the FedNow Community, including financial institutions, as well as service providers and payment processors that partner with financial institutions. Community members selected to participate in the pilot will play a key role in supporting the development, testing and adoption of the FedNow Service.

Throughout each of the pilot program phases and the subsequent launch of the FedNow Service, the Federal Reserve will call upon the entire group or subgroups of pilot participants – for example, those with specific expertise and/or representing specific segments – to participate in discussions or demos, test the service, engage service providers or users, and conduct other activities as needed.

For more information on the program, read the FedNow Pilot Program Overview. In addition, below are the sample Letter of Intents (LOI) based on institution types that will be required for chosen Pilot Participants. Please read them for a better understanding of expectations.

Sample LOIs
Sample Nondisclosure Agreement
*Required fields

General Information

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Please specify the Service Provider/Payment Processor and/or Correspondent Bank or indicate N/A

Program Information

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Relevant Experience

Information on the processing of your personal data can be found in our Privacy Policy. If you have any questions or concerns, you can contact us at SYSFedNowCommunity@chi.frb.org.

The Financial Services logo, "FedNow" and "FRBservices.org" are service marks of the Federal Reserve Banks. A list of marks related to financial services products that are offered to financial institutions by the Federal Reserve Banks is available at FRBservices.org.