Re:Fed announces details of new interbank service to support...
by JumpCrisscross on Sunday August 09, 2020 @09:54PM
(#24104722)
> The US has a unified payment system (ACH) and has had it for many decades it's just not instant
And for instantaneous transfers, we have Fedwire. The original real-time wire service. Itβs free for most commercial and high net worth users, and thus, from a bulk economic perspective, sufficient for industry.
And for instantaneous transfers, we have Fedwire. The original real-time wire service. Itβs free for most commercial and high net worth users, and thus, from a bulk economic perspective, sufficient for industry.