Right now, consumers can wait days for a check or bill payment to clear, especially if weekends and holidays are involved. The Fed is offering the system to financial institutions, and the banks ...

FedNow is the Fed’s new real-time payments service that launched in July. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take ...

a crucial requirement for directly interacting with the Fed’s payment system. The move targets what many in the crypto industry call “Operation Chokepoint 2.0”, an alleged campaign by ...

(Reuters) - Federal Reserve Governor Christopher ... for over three-plus years now, about how this could bring competition, efficiency and speed into the payments system." "Do I think there's ...