PYMNTS

DECEMBER 18, 2018

According to a report in the American Banker citing a letter submitted by a trade group representing Amazon, Apple, Google, PayPal , Square , Stripe and Intuit , they all expressed their support for the Fed being in charge of the development of a system that can connect all the banks and credit unions in the U.S. to speed up payments.

Real Time Payments

Faster Payments Council

SEPTEMBER 17, 2019

While responses to the FedNow Request for Comment aren't due until November 7, we're looking at a significant strategic undertaking: we're forming recommendations for the first new payments system initiated by the Fed in more than 40 years. The clock is ticking. And, that's no small task, as I mentioned previously.

FPC

PYMNTS

DECEMBER 20, 2018

The Fed, of course, has had a request for comment open for a while. Banks have said that the Fed would be working in competition with existing processes. Banks have said that the Fed would be working in competition with existing processes. “If

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