Happy First Birthday FedNow: But is This a Cause For Celebration?
The Fintech Times
JULY 24, 2024
Both offer similar services, but FedNow participants can transfer funds from their Federal Reserve master account, which means they have an extra pool of resources for liquidity management. “Banks have a difficult choice between TCH’s RTP network and the new kid on the block, FedNow. It’s a tough choice.
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