"FedNow: Mitigating Bounce Checks and Outflow Risk with Instant Payments"
TL;DR Summary
The Federal Reserve is set to launch FedNOW, a real-time payments system that aims to help consumers avoid bank overdraft fees, benefiting the majority of Americans who live paycheck to paycheck.
Topics:business#banking-system#federal-reserve#finance#instant-payment#overdraft-fees#paycheck-to-paycheck
- Bounce Checks? New Instant-Payment System Could Help. Barron's
- Banks can manage outflow risk in Fed's new payment service system, Mester says Yahoo Finance
- Instant payments are coming to a bank near you Morning Brew
- What Is FedNow? The Government’s First Instant Payment Service Launches Soon Money
- How the Fed’s new instant money program could lead to another regional banking crisis CNN
- View Full Coverage on Google News
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