Fed launches long-awaited instant payments service, modernizing system
The U.S. Federal Reserve has launched a long-awaited service which will aim to modernize the country's payment system by eventually allowing everyday Americans to send and receive funds in seconds, 24 hours a day, seven days a week, the central bank announced on Thursday.
https://www.reuters.com/business/finance/fed-set-launch-long-awaited-instant-payments-service-modernizing-system-2023-07-20/