Will Real-Time Payments Increase Financial Crime in the USA?
FICO
FEBRUARY 19, 2020
These schemes compete with each other and want to take business from wire transfer schemes such as FedWire and CHIPS. The Clearing House Association’s RTP as well as The Automated Clearing House offer same day clearing and the Federal Reserve is looking to launch instant payments with their FedNow scheme in 2023. by Doug Clare.
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