The Impact of FedNow on the US Payments Landscape
Segpay
JUNE 13, 2024
The Federal Reserve’s goal is to achieve wide adoption of FedNow over time, much like the Fedwire ® Funds Service and FedACH ® Services. Let’s first explore how initiatives taken by the European Union have inspired the creation of FedNow and then consider the impact this will have on the US economy, particularly on the financial sector.
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