Fed Moves Ahead With FedNow Despite Objections
PYMNTS
AUGUST 9, 2020
In response to the Fed’s notice seeking comments on FedNow, the central bank’s initiative that promises to fuel 24/7 payments, the board received nearly 2,600 responses from a variety of stakeholders. Big banks said the Fed’s involvement will only serve to slow adoption of real-time payments. payment system.
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