Why FedNow Will Slow Real-Time Payments
PYMNTS
AUGUST 12, 2019
It’s also not why the Fed decided to enter the real-time payments fray. The Real-Time Payday Reality. Direct deposit over the ACH network eliminated that friction and got them earlier access to those funds. But a handful of the 12,000 FIs and 51 percent of deposits does not a real-time payments network make.
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