Federal Reserve Officially Launches Its Instant-Payments Service “FedNow”
FedNow, an instant-payments service by Federal Reserve, officially launched on Thursday. The 24-hour, 365-days-a-year service aims to help individuals and businesses send and receive money faster than ever before.
Announcing the launch of FedNow, Federal Reserve Chair Jerome H. Powell said that the Fed developed...
Federal Reserve Sets Launch Date for Its Instant Payment Service “FedNow”
Individuals and businesses are finally getting a service that will allow them to make and receive instant payments 24/7, 365 days a year. And it is coming courtesy of the Federal Reserve.
Fed announced on Tuesday that its instant payment service called “FedNow” is set...