Fed Says America Needs Instant Payments As Soon As Possible
PYMNTS
AUGUST 7, 2020
The COVID-19 pandemic is taking a tremendous toll on communities across America,” Brainard said. In a Thursday (Aug. 6) symposium highlighting the Fed’s approval of the FedNow system, Fed Gov. Lael Brainard said the coronavirus crisis has heightened the need for instant payments.
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