An Imminent FedNow? Launch: Three Considerations for Your Financial Institution to Support and Encourage Readiness
Center for Payments
MARCH 17, 2023
Even the Fed is pursuing its own phased approach to the release of the FedNow Service. Its initial launch will include core clearing and settlement functionality and some key value-added features, such as a Request-for-Payment (RfP), and over time it will enhance features in subsequent releases to continue to meet industry needs.
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