Tag: FedNow

FedNow Launches in US, Fed Insists Payment System ‘Not Related to a Digital Currency’

The FedNow instant payment system from the U.S. Federal Reserve is now live, with the central bank claiming that the service will enable individuals and businesses to make quick payments and receive funds within seconds. The Federal Reserve announced the launch of its interbank payment service on Thursday, which it claims will help banks and…



Fed Announces Launch of ‘FedNow’ Real-Time Payment System, Sparking Debate

The Federal Reserve has announced a timeline for the launch of its long-awaited FedNow payment service that will let banks offer customers instantly available funds and execute real-time payments, with critics flagging concerns like lack of cross-border payment processing and raising questions about surveillance. The Fed announced on Wednesday that it will begin formal certification…