Closer to Real-Time for Real-Time Payments
In 2017, an interbank payment system providing near-instantaneous settlements debuted. Why has it yet to catch fire?
Fed Unveils Plan for Real-Time Payments System
The central bank will develop the FedNow service itself rather than defer to the private sector.
As a new era of real-time payments dawns, companies must weigh the benefits against arguments for early caution.