Tag: FedNow
Federal Reserve names Kenneth Montgomery leader of real-time FedNow payment service
The US Federal Reserve System has revealed that first vice president Kenneth C. Montgomery will head the development of the banks FedNowSM service.
FedNowSM will...
US Federal Reserve begins work on nationwide real-time payments system
The Federal Reserve Bank has unveiled its initial plans to develop a new “round-the-clock real-time payment and settlement service.”
Titled 'FedNow' the solution will support...
