Fed Says America Needs Instant Payments As Soon As Possible
PYMNTS
AUGUST 7, 2020
Drilling down a bit into why real-time payments are taking on more urgency for retailers, Brainard said research showed that households “with the least liquid resources” — marked by relatively lower income and savings — boosted their spending starting on the day they received emergency-relief payments. A Liquidity Boost? .
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