Remove Faster Payments Remove Interbank Settlement Remove Near Real-Time
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Fed Says America Needs Instant Payments As Soon As Possible

PYMNTS

For the Federal Reserve, real-time payments will take time — three or four years’ time, to be specific. Instant payments will enable millions of American households and small businesses to get instant access to funds, rather than waiting days for checks to clear.”. If all goes as planned, that is.