Federal Reserve To Launch New Instant Payment Service

Federal Reserve To Launch New Instant Payment Service

Date: August 30, 2022Author: Nwo Report

Posted BY: The Daily Wire

The Federal Reserve announced on Monday the launch of an instant payment service in the summer of 2023.

FedNow, which the central bank has been developing for the past several years, is intended as a “flexible, neutral platform that supports a broad variety of instant payments” such that consumers can immediately send money through their financial institutions, …

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