Narmi, a leading provider of digital banking solutions, proudly announces that it has completed certification for the Send capabilities of the FedNow Service, the Federal Reserve’s instant payment infrastructure. This milestone, achieved just three months after Narmi's certification for receiving payments via the FedNow Service, positions the company at the forefront of digital banking providers in terms of FedNow capabilities. 

“This is a major step forward for us as a company," said Chris Griffin, Co-Founder of Narmi. "Achieving certification for both Send and Receive with FedNow strengthens our commitment to delivering a seamless and comprehensive instant payments experience. This milestone allows us to further strengthen our digital banking platform, providing more options around payments to our customers and their end-users.” 

The FedNow Service enables financial institutions to provide 24x7x365 instant payments, ensuring that end-users can send and receive money immediately, at any time. Narmi’s direct integration with the FedNow Service to facilitate transaction activity for financial institutions on the service not only strengthens its competitive edge but also lays the foundation for incorporating instant payments across multiple areas of its digital banking product portfolio. 

To achieve Send certification, Narmi underwent a thorough testing process, which included verifying its ability to transmit and process ISO® 20022 messages. The company also demonstrated its readiness to operate in a fully real-time environment, ensuring round-the-clock support for instant payments. 

By centralizing the FedNow Service, ACH, and Wire staff workflows within its unified Admin Platform, Narmi empowers financial institution staff to manage all payment types efficiently in one place. This integration simplifies the complexities of payment management, ensuring faster processing and greater operational efficiencies.