Today news
About the same in other media
13.09 - 21:15
08.09 - 15:59
Fed Plans 2023 Launch of Long-Anticipated Faster Payments System
Reading now: 825
WASHINGTON—The Federal Reserve is set to launch a long-awaited faster payments system next year, a step that officials say will modernize an outmoded infrastructure and ensure that near-instant payments become widely available.
The new system would allow bill payments, paychecks and other common consumer or business transfers to be available quickly and round-the-clock, a change from an existing system that is closed on weekends and can at times take several days before funds become available. Last year, those older rails handled more than 29 billion payments, valued at close to $73 trillion.
Read more on wsj.comAbout this in other media
Fed’s Powell Set to Speak on Economic Outlook wsj.com /2 years ago
New Fed banking chief targeting crypto and climate change as top priorities cnbc.com /2 years ago
Fed Vice Chair Brainard vows 'we are in this for as long as it takes' to stop inflation cnbc.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
![Terra Classic [LUNC] investors may have some sleepless nights thanks to Binance](https://finance-news.co/storage/thumbs_400/img/2022/9/4/39517_nhn.jpg)
![Terra LUNA Classic [LUNC] Price Prediction 2025-2030: Can LUNC hit $5 by 2030?](https://finance-news.co/storage/thumbs_400/img/2022/9/2/39431_eyikj.jpg)
![Terra Classic’s [LUNC] price moons, but will it sustain the growth](https://finance-news.co/storage/thumbs_400/img/2022/9/1/39309_iwq.jpg)
