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BillGO Joins FedNow

BillGO Featured in the Federal Reserve’s Upcoming Service Provider Showcase

March 8, 2022 – Fintech trailblazer BillGO is proud to be featured in the Federal Reserve’s new FedNow℠ Service Provider Showcase, an online resource designed to connect financial institutions (FIs) looking to adopt and innovate upon the FedNow Service with service providers offering instant payment solutions.

“We’re excited to be part of the FedNow Service Provider Showcase,” said Jay Plueger, BillGO’s SVP of  Corporate Development & Alliances. “By leveraging FedNow when it launches in 2023, it will allow BillGO to continue delivering on our promise to provide consumers, billers and FIs with speed, choice and intelligence in the bill payment ecosystem.  

BillGO plans to offer instant payment services to any organization that adopts the FedNow Service. Not only will this enable instant payments, it will expand BillGO’s network of networks, which supports all stakeholders in the payment ecosystem. 

“The FedNow Service will fit directly into our current bill pay model,” said Plueger. “This will be beneficial to consumers, because it means they will be able to make real-time payments to businesses. But businesses benefit as well, because it will enable true real-time business-to-business payments.”  

“We appreciate the commitment of BillGO to enabling FedNow adoption and participating in the showcase,” said Nick Stanescu, Federal Reserve Bank senior vice president and FedNow business executive. “The time is now for organizations to identify and connect with partners they’ll need to build the end-to-end solutions the market is demanding.”

The FedNow Service is a new instant payment platform the Federal Reserve Banks are launching in 2023 to provide financial institutions of every size, and in any location across the nation,  access to safe and efficient instant payment services in real time, 24 hours a day. 

To learn more, visit BillGO.com or see BillGO’s profile in the FedNow Service Provider Showcase


About BillGO

Driven by the core belief that everyone deserves access to a healthy financial future, BillGO’s award-winning real-time bill management and payments platform transforms the dreaded necessity of managing and paying bills into an opportunity for financial well-being. BillGO empowers over 32 million consumers, thousands of financial institutions & fintechs to seamlessly make payments to over 170,000 supplier endpoints – transforming the way people make and receive payments. By combining speed, choice and intelligence with simple integration, BillGO is accelerating and delivering a new way to bill pay.

About the FedNow Service 

The Federal Reserve Banks are developing the FedNow Service to facilitate nationwide reach of instant payment services by financial institutions — regardless of size or geographic location — around the clock, every day of the year. Through financial institutions participating in the FedNow Service, businesses and individuals will be able to send and receive instant payments at any time of day, and recipients will have full access to funds immediately, giving them greater flexibility to manage their money and make time-sensitive payments. Access will be provided through the Federal Reserve’s FedLine® network, which serves more than 10,000 financial institutions directly or through their agents. For more information, visit FedNowExplorer.org. 

"FedNow" is a service mark of the Federal Reserve Banks. A list of marks related to financial services products that are offered to financial institutions by the Federal Reserve Banks is available at FRBservices.org.