đ„The Federal Reserve announces the launch of FedNow in July.
FedNow is designed to improve speed, enhance efficiency of the payment system, reduce reliance on traditional methods, and minimize risks associated with holding money in bank accounts. With FedNow, the Federal Reserve will create an advanced, flexible, adaptable, and accessible payment system.
âïžThis launch is a significant milestone in the journey to help financial organizations serve customers' real-time payment needs to support every aspect of the economy better.
