The Federal Reserve soon plans to roll out its FedNow offering, a real-time payments service that will provide another option for instant payments in the U.S.
The service, which is scheduled to launch in July, will let money “be transferred from the account of a sender to the account of a receiver in near real-time and at any time, any day of the year,” the Fed says on its website.
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This post was originally published on Market Watch
