The Fed Approves Development Of Fednow, Long Overdue "Instant" Payments Settlement Service

LexisNexis (October 6, 2020, 10:23 AM EDT) -- [NOTE: BARBARA CLARK, CO-AUTHOR OF THIS NEWSLETTER, SERVED AS A MEMBER OF THE FASTER PAYMENTS TASK FORCE.]

In 2013, the Board of Governors of the Federal Reserve System (Federal Reserve) created...
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