FedNow’s Montgomery: Gearing Up For 2023-24 — And Instant Payments Competition
PYMNTS
OCTOBER 12, 2020
As reported in August, the Fed had announced some additional details of the 24/7 year-round interbank settlement service through a program that began to take shape in 2019, geared toward speeding processing times tied to instant payments (and featuring a clearing function). Looking Toward Interoperability And Scale .
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