What is an example of a value message in FedNow?

A customer credit transfer is indeed an example of a value message in the FedNow payment system. Value messages are used to communicate the essential financial information involved in a payment, and the customer credit transfer specifically refers to the movement of funds from one party's account to another. This type of message is critical as it signifies the actual transfer of value, which is the primary function of payment systems.

The other examples provided, such as transaction confirmation receipts and payment processing notifications, while important in the overall transaction process, primarily serve to provide information and assure users about the status of their transactions rather than facilitating the transfer of value itself. Similarly, account balance inquiries allow customers to check their financial status but do not involve the direct movement of funds. Thus, the customer credit transfer is aptly categorized as a value message in the context of FedNow.