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FedNow Unveils Market Practices to Promote Instant Payment Feature

September 26, 2023
The Federal Reserve has unveiled market practices aimed at promoting the standardized implementation of the request for payment (RFP) feature of the FedNow® Service. The market practices were developed by a diverse industry work group convened by the Federal Reserve, which included representatives from various sectors, the Federal Reserve said in a Tuesday (Sept. 26) press release. The recommendations […]