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Intuit Inc. is among the latest corporations to receive FedNow certification, a necessary step to begin offering real-time payments to its clients via the Federal Reserve’s system.
Announced Thursday, the certification means Intuit, owner of business-accounting program QuickBooks and other financial-technology services, will be able to partner with financial institutions to send instant payment transactions for its customers.
Mountain View, Calif.-based Intuit says the service will be enabled to instantly pay invoices, which can reduce the wait for funds sent via the automated clearing house method. It can also be used for real-time payroll and on-demand bill payments, Intuit says. As of fiscal 2024, Intuit says there were 6.5 million QuickBooks Online users, potentially expanding volume for FedNow.
In a statement, Intuit says the connection to the FedNow network will help it move funds in real time between consumers, businesses, and financial institutions.
FedNow is one of two national real-time payments services. The other is RTP from The Clearing House Payments Co. LLC.
FedNow volume has been exponentially increasing since its mid-2023 launch, going from 47,262 settled payments that year to 8,413,402 in 2025. More than 1,690 financial institutions participate in FedNow, as of April 6. RTP, which launched in 2017, says more than 1,135 financial institutions are on its network as of the 2025 fourth quarter.
