The article commemorates the one-year anniversary of the FedNow Service, highlighting its transformative impact on real-time payments in the U.S. Since its launch in July 2023, FedNow has significantly advanced the adoption of instant payments, addressing a long-standing lag behind other developed nations. The service is pivotal for enhancing payment efficiency, security, and accessibility.
The Federal Reserve officially launched its FedNow real-time payment rails on July 20. By all accounts the sun still rose on schedule and life...
Despite their value, many banks are hesitant to adopt the send side of FedNow transactions. They need reassurance that the benefits outweigh the...
Despite the challenges, the payment industry remains a critical component of the global economy. As consumers continue to demand more convenient and...
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