The United States Federal Reserve has approved the July launch date for the long-awaited instant payment system “FedNow.”
“In the services of financial institutions” payment your timeaiming to reduce FedNow The payment system has been approved for a July launch. New payment system FedNow has been described in many ways. users, central bank digital moneyHe seems hopeful about this payment system, which he sees as an alternative to currencies and stablecoins. FedNowwith instant payment systems together consumers, sellersAnd banks will benefit transactions between Moreover Federal Reserve It constitutes an important step for the government as it is controlled by In addition clearing houseoffered by real-time payments RTPnetwork is operated by major banks.
FedNow Service Details Are Included
In line with the announcements made on March 15, USA Fed, FedNow’s start date July bearset as, USA treasureAnd various financesince the launch of its institutions network to use ready stated that. Moreover Fed, in the first week of April in preparation for the launch ” to the participants certificate recruitment will be” he added.
2019The new payment system announced in FedNowcan be transmitted from the user making the business transaction to the buyer through a Fed credit account. Your day each clockThe system, which can provide gross payment, also has important features in fraud risk management.
