Retailers Ask The Fed For Real-Time Payments
PYMNTS
DECEMBER 6, 2018
Target and Walmart , among other companies, are asking the Fed to create a way for interbank transfers to be settled in real time, 24/7, in an effort to get paid in real time. The Fed had discussed actions that could aid in the creation of a faster payment system, such as the development of a real-time settlement service.
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