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Deep Dive: Weighing The Federal Reserve’s Faster Payments Proposal

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percent, according to a Markets and Markets Research report. . TCH, which is co-owned by 25 banks, launched Real-Time Payments (RTP) in November 2017. The new rail facilitates 24/7 payment clearing and settlement in real time. billion in 2018 to $26.9 billion by 2023 — a CAGR of 30.9 The Federal Approach.

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Fed Says America Needs Instant Payments As Soon As Possible

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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. Clearing House has the RTP network. If all goes as planned, that is. In a Thursday (Aug. A Liquidity Boost?