Showing posts with label Instant Payment Service (Federal Reserve). Show all posts
Showing posts with label Instant Payment Service (Federal Reserve). Show all posts

Thursday, March 16, 2023

Federal Reserve to launch instant payment service 'FedNow' (A Fee Service)

Snippet of Article: "The instant payment network will settle payments in seconds, with the capability to support consumer-to-consumer, consumer-to-merchant, merchant-to-merchant, and bank-to-bank transactions. "With the FedNow Service, the Federal Reserve is creating a leading-edge payments system ...we urge financial institutions and their industry partners to move full steam ahead with preparations to join the FedNow Service...You Can Download: FedNow Service Readiness Guide (Off-site) ...FedNow Service 2023 Fee Schedule"

Source: www.aol.com

FedNow, Federal Reserve, Instant Payment Service (Federal Reserve), Cash vs Cyber-Money, Currency vs Electronic Money Control,