On February 2, 2021, the Federal Reserve (“Fed”) announced that the launch date for its instant payments platform—FedNow—would be sooner than originally expected. The announcement narrows the delivery timeframe by a full...more
The Federal Reserve Board recently issued a Service Announcement setting forth the details of its FedNow Service, a new 24x7x365 interbank settlement service with clearing functionality to support instant payments in the...more
Real-time payments (RTP) has been the rave of recent payments industry news. With the Federal Reserve announcing that it is about to embark upon the creation of a ubiquitous real-time payments framework, the topic is...more
9/5/2019
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Contractual Safeguards ,
Federal Reserve ,
Financial Fraud ,
Financial Institutions ,
Financial Services Industry ,
Financial Transactions ,
Market Participants ,
Merchants ,
Payment Systems ,
Risk Allocation