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Doesn't FedNow just provide transit? Whether the payment comes out of a deposit account or a credit account seems beyond the purview of FedNow and up to your ar
by randomdata 4y ago
Doesn't FedNow just provide transit? Whether the payment comes out of a deposit account or a credit account seems beyond the purview of FedNow and up to your arrangement with your bank, similar to how VISA is used to provide transit for credit cards as well as debit cards, depending on your arrangement with the card issuer.