End User Interoperability Transaction Limits 
PYMNTS
AUGUST 7, 2020
Federal Reserve Board members this week shed some light on the timing and mechanics of FedNow — an always-on, fully interoperable interbank-settlement service that will give rise to instant payments in the United States. That will include allowing banks to set various transaction limits. If all goes as planned, that is.
PYMNTS
DECEMBER 3, 2018
With the SCT Inst scheme, he noted, end users can transfer up to €15,000 ($17,004 USD) between accounts 24/7, with a maximum 10-second time frame. Santamaria stated that there’s evidence from the field that transactions are getting done in as little as three seconds. The overarching theme, though, is one of interoperability.
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