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The Impact of FedNow on the US Payments Landscape

Segpay

The Federal Reserve’s goal is to achieve wide adoption of FedNow over time, much like the Fedwire ® Funds Service and FedACH ® Services. Cost Reductions : Instant payments can reduce the costs associated with traditional payment methods, such as check processing and ACH transfers. This can contribute to overall economic growth.

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Ticking Off The Boxes On The Fed’s Checklist Of B2B Payments Priorities

PYMNTS

But, as Buettner recently told PYMNTS, the BPDA has additional objectives in mind that speak to the various points of friction that plague B2B payments processes today, including longer payment cycles for suppliers and the ever-increasing risk of fraud. The concept of a B2B payments directory isn’t new.

B2B