Form3 joins FedNow Pilot Program to drive modernization of US payments landscape

Global· 7min July 7, 2022

Form3, the leading cloud-native payment technology provider, today announced its participation in the Federal Reserve’s FedNow Pilot Program. With deep experience in rolling out instant payment services across Europe, Form3 will play a leading role in driving the modernization of the instant payments landscape in the US.

The FedNow Service, due to launch in 2023, will facilitate instant payment services for financial institutions of all sizes nationwide. Having been invited by the Federal Reserve to take part in the FedNow Pilot Program, Form3’s customers will be able to transact using the FedNow Service from the day the service goes live.

Since expanding its operations to the US, Form3's product capabilities have grown to include the clearing house’s RTP service and is expanding into the ACH and WIRE landscape as well.

Form3’s standardized, scheme-agnostic API increases the number of payment options available to customers, using intelligent routing to offer a seamless experience, with transactions automatically processed via the most viable route at the lowest cost.

We are thrilled to take this next step in Form3’s journey to becoming the premier provider of US payment gateway connectivity. As a member of the FedNow Pilot Program, Form3 will now be able to bring to bear our enterprise-grade, fully managed, payment technology platform in time for the FedNow Service launch;simplifying the journey for early adopters of the new payment rail and help drive the broader roll-out of real-time payments in the US


When it launches, the FedNow Service will enable businesses and individuals to send and receive instant payments at any time, giving recipients immediate access to their funds and allowing them greater flexibility to manage their money and make time-sensitive payments.

More information about the FedNow Pilot Program and the FedNow Service can be found at

About Form3

Form3 design, build and run the technology that powers the future of payments. Founded In 2016, Form3 set out to revolutionize the world of payment processing and disrupt the traditional payment infrastructure model, with an always on, cloud-native, Payments-as-a-Service platform.

Today, Form3 is trusted by some of the UK and Europe’s biggest Tier1 banks and fastest-growing fintechs to handle their critical payments architecture. Form3 was named Best Cloud Payments Platform 2021 by Paytech and Fintech Finance, Most Influential Fintech Company in 2021 by The Financial Technologist and ranked in the Top European Fintechs to Watch by Sifted 2020.