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The service offered by the Federal Reserve — after years of delays — is expected to expand access to fast payments clearing to a broader selection of banks and financial institutions.
The Federal Reserve on Wednesday announced it will roll out a new FedNow Service that allows banks to process instant payments beginning in July and is looking for early adopters.
On the back of the shutdown of Silvergate's SEN and tough times facing Signature Bank, the Federal Reserve has announced that FedNow is launching in just a few months time.
The Federal Reserve has announced a timeline for the launch of its long-awaited FedNow payment service that will ...