FRB Services, July 20, 2023 This news release was originally published by the Federal Reserve Board. The Federal Reserve on Thursday announced that its new system for instant payments, the FedNow® Service, is now live. Banks and credit unions of all sizes can sign up and use this tool to instantly transfer money for their customers, any time of the day, on any day of the year. “The Federal Reserve built the FedNow Service to help
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