Deep Dive: Weighing The Federal Reserve’s Faster Payments Proposal
PYMNTS
FEBRUARY 4, 2019
launched its own Faster Payments Service in 2008. The system would facilitate 24/7 year-round interbank settlements of faster payments and also provide a liquidity management tool to support transfers between Federal Reserve accounts. The Fed sought feedback on the system, which brought in more than 380 responses.
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