FedNow

Uma Wilson, chief information and product officer at UMB Bank. Adam Vogler I KCBJ There is a lot of public confusion over a possible U.S. central bank digital currency and the FedNow real-time payments network, some of it a result…

On 7/20/ 23, the Board of Governors of the Federal Reserve system announced the launch of the FedNow Service. FedNow is a new instant payment infrastructure developed by the Federal Reserve that is available to depository institutions in…

displayed on a smartphone. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images After five years in development, the U.S. Federal Reserve launched FedNow in July, the…

Banking giant JPMorgan Chase and 40 other US banks are testing the Federal Reserve’s new instant payment infrastructure called FedNow. According to a new Federal Reserve press release, 41 banks and 15 service…