Is the FedNow Broke?
By David Haggith Recently several major banks were unable for days to process hundreds of thousands of payments. The explanation by the banks given in…
By David Haggith Recently several major banks were unable for days to process hundreds of thousands of payments. The explanation by the banks given in…
By Connor Vasile Seamless money transfers? State of the art security and tracking features? A hassle-free payment service backed by the Fed? No annoying third-party…
By Stefan Gleason Last week, the Federal Reserve launched a new payment processing system dubbed “FedNow.” Officials say FedNow will allow individuals and businesses to…
By Daisy Luther Yesterday, with a bit of fanfare but not TOO much fanfare, a “wonderful” new product was launched. FedNow is live, and we…
By Tyler Durden As Bruce Wilds noted earlier in the week, the Fed has stated that FedNow is not intended to kill or replace other…
By Brandon Smith I want you to imagine, for a moment, a future world in which everything we now know about functioning and surviving within…
By Daisy Luther There’s absolutely no doubt that our financial system is in flux right now. We’re watching a storm approach, and it’s about to…