Banks serving as guinea pigs for Federal Reserve’s instant payments system
arstechnica.com
The Fed's goal is to connect 9,000 financial institutions nationwide.

Fed’s new instant payment system could be trouble for PayPal, Venmo::The Fed’s goal is to connect 9,000 financial institutions nationwide.

  • AbackDeckWARLORDEnglish
    61·
    1 year ago

    We have something like this in Canada, Interac

    Interac is not the same thing at all, the US equivalent is Zelle.

    FedNow does instant EFT payments, which is something Canada does not have.