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Instant bank transfers are coming to the US now, literally this month. It's called FedNow and RTP.
by cubefox 3y ago
Instant bank transfers are coming to the US now, literally this month. It's called FedNow and RTP.
- toomuchtodo 3y agoFor some history, the biggest US banks built Zelle as a consortium because the Fed didn’t, and the Fed built FedNow because Congress didn’t want community banks beholden to the big banks for access to this capability.
- cubefox 3y agoZelle? Is this the old name of RTP?
- toomuchtodo 3y agoThey are distinct value transfer rails, but some Zelle payment flow currently does traverse the RTP system currently. https://www.aciworldwide.com/real-time-payments-for-the-us https://www.aciworldwide.com/real-time-payments-for-the-us