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FinTech Rising

FinTech Rising

Reports at the intersection of money, banking, securities, and payments with digital technologies

FedNow

The FedNow Launches

July 20, 2023 by FinTechRising

The Federal Reserve today announced the launch of its long-awaited real-time payment system, FedNow. After nearly four years of development, this initiative will establish the regulator's first nationwide network for instant payments, a feature already present in other countries and a major U.S. processor. The launch date comes as the adoption of faster payments increases in … [Read more...] about The FedNow Launches

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