Section title: Requests for Interpretation
RFI #
2767
BPR04 value for FedNow payments (835)
Description

The FedNow Service is accessed through participating financial institutions, so is the correct BPR04 value FWT or ACH?

Scenario

Payer or payer's agent pays healthcare provider utilizing the FedNow service.

RFI Response

The payer should use the value that matches the payment method set up with the payment service.

DOCUMENT ID
005010X221A1