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Banks are really dragging their heels on FedNow support.
by politician 2y ago
Banks are really dragging their heels on FedNow support.
- toomuchtodo 2y agoIt will arrive eventually (lots of concern around fraud due to potential value velocity). It only took a year for the first ~1k institutions to onboard, the last few thousand will onboard with time. The US Treasury is a participant, as is JP Morgan Chase and FiServ. https://www.frbservices.org/financial-services/fednow/organizations https://www.frbservices.org/financial-services/fednow/organi...