What Is FedNow & How Can Businesses Prepare for It?
Seon
JULY 27, 2023
The payer approves, then their credit union screens the payment and sends a payment message through the FedLine network. Doing so is ideal as the payer can then not only know that the outgoing payment was transmitted but received by the payee. This payment message either goes directly to the FedNow Service or via a service provider.
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