What Is FedNow & How Can Businesses Prepare for It?
Seon
JULY 27, 2023
The payer approves, then their credit union screens the payment and sends a payment message through the FedLine network. The payer’s bank credits the payee’s account, which then makes the funds available to the latter. In fact, the transactions themselves are irrevocable. Let’s take a closer look at these downsides.
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