Fed Says America Needs Instant Payments As Soon As Possible
PYMNTS
AUGUST 7, 2020
As for a time frame for launching the new system, Fed officials said in a webcast detailing the particulars that FedNow would debut in 2023 or 2024 and would take a phased approach to implementation. Combatting Fraud — And Addressing Competition And Costs . A Liquidity Boost? . FedNow Will Augment Private Systems, Not Replace Them .
189 
Let's personalize your content