What Is FedNow & How Can Businesses Prepare for It?
Seon
JULY 27, 2023
The bank of the soon-to-be-paid employee sends back a request for payment (RFP) via the FedNow Service for the payer to confirm the transaction on their app. In fact, the transactions themselves are irrevocable. In fact, phishing attacks may become even more prevalent as FedNow rises in popularity.
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