Fed Says America Needs Instant Payments As Soon As Possible
PYMNTS
AUGUST 7, 2020
Brainard, Kansas City Fed President Esther George and Boston Fed First Vice President Kenneth Montgomery also noted that the FedNow system will provide another option in a landscape already populated by, for example, The Clearing House Payments Co. FedNow Will Augment Private Systems, Not Replace Them .
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