Fed Says America Needs Instant Payments As Soon As Possible
PYMNTS
AUGUST 7, 2020
Federal Reserve Board members this week shed some light on the timing and mechanics of FedNow — an always-on, fully interoperable interbank-settlement service that will give rise to instant payments in the United States. Clearing House has the RTP network. If all goes as planned, that is. In a Thursday (Aug.
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