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US Federal Reserve Will Release New Payment System

May Arjomand

Summary: According to a press release on August 5, the United States Federal Reserve Board plans to launch a real-time payments and settlements service to support faster payments in the country.  The new payment system is called FedNow and will launch around 2023 or 2024.  Author: May Arjomand

According to a press release on August 5, the United States Federal Reserve Board plans to launch a real-time payments and settlements service to support faster payments in the country. 

The new payment system is called FedNow and will launch around 2023 or 2024. 

Author: May Arjomand

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