The Impact of FedNow on the US Payments Landscape
Segpay
JUNE 13, 2024
SEPA was first introduced for credit transfers in 2008, followed by direct debits in 2009. Competitive Pressure : The introduction of FedNow will create competitive pressure on existing payment systems, such as The Clearing House’s RTP network. This competition could drive further improvements and cost reductions across the board.
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