FedNow Explained: What 'Instant' Payments Change

Описание: What is FedNow and what does instant payment change? Includes an hours-per-year comparison (illustration) and the limits: it works through participating banks and credit unions.

Sources: Federal Reserve press release, July 20, 2023: https://www.federalreserve.gov/newsev... ; FedNow Service page: https://www.frbservices.org/financial...

General education. The hours comparison is an illustration. This video uses an AI-generated voice.
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