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How will this impact things like Venmo or Apple Pay, both of which currently charge some % for instant transfer to your checking account.
by alimov 5y ago
How will this impact things like Venmo or Apple Pay, both of which currently charge some % for instant transfer to your checking account.
- toomuchtodo 5y agoPersonal opinion: significantly. FedNow instant payments are a penny for up to $100k transfers, with the eventual plan to support up to $500k transfers.
- evad3r 5y agoI don't see how it would impact Apple Pay, for example. In Australia, we have instant payments already, and Apple/Google/Samsung Pay is used alongside it - completely separate.