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Congress Presses Fed On Real-Time Payments Plan

PYMNTS

The Federal Reserve’s buildup to faster payments innovation came to a head in August when it announced FedNow , its proposed real-time payments infrastructure under the draft Payments Modernization Act of 2019. That seems like a lifetime in this business,” said Congressman French Hill of Arkansas. payments ecosystem.

Payments 174
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Digital Banking Challenger AidBanc Tackles the Money Management Headaches of Global Non-Profits (Fintech Startup of the Week)

Fintech Labs Insights

A startup from Little Rock, Arkansas, founded by West African immigrants, tackling a huge and important problem, managing the global banking & money transfers for NGOs. HQ: Little Rock, Arkansas. Interview: 25-minutes with Innovate Arkansas (4 June 2020). Could there be a better story for 2020? Funding: $120k.