The Impact of FedNow on the US Payments Landscape
Segpay
JUNE 13, 2024
Last year, the Federal Reserve launched FedNow, an instant payment service expected to revolutionize the US payment landscape. Since its launch in July last year, about 700 banks and credit unions have joined the FedNow network, and this list is expected to grow as the Fed seeks 8,000 financial institutions. What is FedNow?
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