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. But she added that such innovation has raised “fundamental questions” about legal and regulatory safeguards.
Let's personalize your content