News for hackers. Stuff that matters.

A comment on Fed Opens Service That Dramatically Speeds Up U.S. Payments. Parent comment

Re:Fed Opens Service That Dramatically Speeds Up U.S. Payments by ianburrell on Thursday July 20, 2023 @02:31PM (#36804652)
I'm assuming that banks and payment services will add it to their services. Everything that goes over ACH will gradually switch to FedNow. There will be no noticeable difference to users except that transfer will be instantaneous instead of taking days.
[ Parent | on HN ]

There are no comments on this comment yet.