The Fintech Times

JULY 24, 2024

Both offer similar services, but FedNow participants can transfer funds from their Federal Reserve master account, which means they have an extra pool of resources for liquidity management. RTP, on the other hand, is interoperable which allows third-party apps like Zelle to access and build products on.

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FedNow Instant Payments RTP Federal Reserve 59

The Payments Association

MARCH 18, 2025

One notable change is the removal of “reputational risk” as a consideration when evaluating applications for master accounts. Federal Reserve Chair Powell confirmed that regional reserve banks will no longer take reputational factors into account when deciding whether to grant access. Several large U.S.

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Federal Reserve Stablecoins Fed Settlement 88

The Payments Association

JANUARY 31, 2025

’ against digital asset companies (see below, Other Key Developments in Crypto ) and the FRBs refusal to permit Custodia Bank to open a master account. However, the Order does not otherwise expressly address fair access to banking services for digital asset market participants. Notably, US banking regulators (e.g.,

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Stablecoins Office of the Comptroller of the Currency Treasury FDIC 88