The FedNow® Service is a new instant payment service developed by the Federal Reserve Banks to enable financial institutions of every size to offer faster payments to their customers. It will facilitate the transfer of funds between banks in near real-time, allowing individuals and businesses to access and spend funds instantaneously. The Federal Reserve Board has implemented changes to Regulations J, crated Operating Circular 8 and also employed changes to the settlement services used by banks to facilitate faster payments. Additionally, the FedNow Service will help ensure that financial institutions can offer end-to-end faster payment services to customers, helping to facilitate real economic benefits for individuals and businesses, but all of this must be done in compliance with new and existing rules and regulations including OFAC, Regulation E, and UCC 4a. Are there others? What rules and regulations govern FedNow®?