Posts by
Ian Davis
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FedNow: A New and Competitive Instant Payments Platform
FedNow, an instant payments platform, is currently in development by Federal Reserve Banks with an expected launch in mid-2023. FedNow is a faster alternative to the Automated Clearing House network (ACH) and more cost-effective than Zelle and Real-Time Payments. Once it becomes available, financial institutions of any size may opt in. Federal ...