🇺🇸
FedNow + Reg II Routing
In effect / Under review
Jurisdiction
🇺🇸 US
Deadline
2026
Status
Date not defined
Description
FedNow is the Fed's instant payments system (already operational). Regulation II dual-routing mandates for debit cards, potentially extended to CNP.
Impact
All debit issuers and acquirers in the US, card networks, FedNow participants.