U.S. Department of the Treasury | Bureau of the Fiscal Service | National Payment Center of Excellence 

SPRING 2022 ISSUE 01

FedNow is a new, real-time instant 

settlement payment system being developed by the Federal Reserve Bank. 

This new payment system 

will incorporate the latest 

payment processing and 

settlement technologies, 

including robust resiliency 

and redundancy capabilities, and will allow Federal Program Agencies 

(FPAs) to make even faster payments! With FedNow, Fiscal 

Service will be able to send payments 

instantly, offering recipients immediate access to their funds and FPAs 

more options when making payments 

– especially emergency or timesensitive payments. Fiscal Service is

excited to be partnering 

with the Federal Reserve 

Bank on this new service 

and hopes to begin offering real-time payment 

services to FPAs as early 

as 2023. Look for more to 

come on this new capability. If you have FedNow 

related questions, please send an 

email to: 

Ashley.Shirk@fiscal.treasury.gov

Real time, 

instant 

payments

DOMESTIC PAYMENTS

INTERNATIONAL PAYMENTS

ON DEMAND PAYMENTS

CHECK & LETTER PRINTING

FedNow and the Future of Federal Payments 

FedNow: Real Time Payments

Fiscal Service Advisory Counsel

Contacts

Same Day ACH Limit Increase

Virtual Suggestion Box

Training Opportunities

2022 Fiscal Service 

Advisory Council (FSAC) 

Payments Forum 

Registration is Open!

Date: June 29-30, 2022

Location: Teams Live Event

Looking Ahead: How the 

Pandemic Taught Us to 

Modernize our Payment 

Strategies 

Fiscal Service invites you to participate in the annual Fiscal Service 

Advisory Council (FSAC) Payments 

Forum as a virtual, online event. 

The FSAC is a great opportunity for 

agencies to hear about new and 

updated federal government payment products, services, and initiatives. We hope you will be able 

to join us to learn more about 

the future of payments.

Participation is open to all Federal 

Agencies. Multiple representatives 

from each Federal Program Agency 

are welcome to attend. 

Register Here

Do you need to reach us? 

Click to view & print 
ASAP.gov Adds New 

Functionality for Enrollments The National Automated 

Clearing House 

Association Ups the Ante 

with Same Day ACH (SDA)

On March 18, 2022, the National 

Automated Clearing House Association (NACHA) increased the Same 

Day ACH (SDA) transaction limit 

from $99,000 to $1,000,000. Fiscal 

Service worked hard to ensure all 

our payment systems were updated 

ahead of that date to ensure Federal Program Agencies could take advantage of the new SDA payment 

limits.

What does this mean for 

your Federal Program 

Agency? 

Fiscal Service payment systems now 

support the new SDA payment limit. 

Your Federal Program Agency can 

initiate SDA payment requests 

for up to $1 million dollars per 

payment using the following 

payment systems:

• The Secure Payment System

(SPS) for domestic ACH payments.

• The Automated Standard Application for Payments (ASAP) system for on demand and grant

payment requests.

What is the benefit of the 

new SDA Limits?

More Federal Payments Are 

Eligible for Same Day ACH. 

The increase in transaction limit 

means even more payments are 

eligible to be sent using this lowcost, Same Day ACH payment option. Federal Program Agencies are 

now able to send payments valued 

at up to $1M using Same-Day ACH 

instead of the traditional next-day 

ACH settlement method or the Fedwire real-time payment system, 

which is an expensive payment 

method for both sender and receiver!

Click for more information

The Automated Standard Application for 

Payments (ASAP.gov) application, the 

grant and payments on demand system, 

recently enhanced functionality to support the Federal Government’s April 2022 

deadline to transition away from using 

Data Universal Numbering System (DUNS) 

number and begin supporting the new 

Unique Entity ID (UEI) as the primary 

means of entity identification for federal 

awards.

The use of the UEI eliminates the need 

for companies to register through a thirdparty website and makes it easier for 

them to register and manage their information directly thought the System for 

Award Management (SAM.gov). ASAP.gov 

completed the UEI enhancement in December 2021, five months ahead of the 

deadline, to help federal agencies transition prior to the April 2022 suspense 

date. 

Click link to check out the latest 

We want to hear from you. 

Please click the link below to offer NPCE feedback or a suggestion 

on how we can better serve your federal program agency.