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. The Federal Reserve’s goal is to achieve wide adoption of FedNow over time, much like the Fedwire ® Funds Service and FedACH ® Services. What is FedNow? No ‘pass-through’ fees.
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