FedNow’s Montgomery: Gearing Up For 2023-24 — And Instant Payments Competition
PYMNTS
OCTOBER 12, 2020
There is no dearth of faster payments initiatives — and no certainty that there will be one faster payments scheme to rule them all. The overall goal has been to design and implement a way to eliminate the three-day settlement program for checks to clear and provide immediate access to funds. Digital Dollars, Too? .
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