4 ms·

I dug into the frbservices page and unfortunately many of the links are broken. Is the fed offering an alternative to consumers or banks (both?) I couldn't find

• jackson1442 6y ago
  With my understanding it's both. While it's a service that banks will hook into, consumers will have direct access to it through federally backed banks (ie all of them). Here's another link: https://www.federalreserve.gov/paymentsystems/fednow_about.htm https://www.federalreserve.gov/paymentsystems/fednow_about.h...