Check Clearing Checks FedNow 
PYMNTS
AUGUST 8, 2019
The Federal Reserve’s planned faster payments service, the FedNow Service, is slated to have an impact on the speed with which paper checks are processed, adding a new twist to the U.S.’s Keeping Checks In B2B Payments. s path toward faster, digital payments.
PYMNTS
AUGUST 9, 2020
Not everyone favors the Federal Reserve Board’s launch of its settlement service designed to eliminate the three-day check clearing and support instant payments in the U.S. For the most part, the comments said the introduction of the FedNow would lead to less innovation and unfair competition with the private sector.
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