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Five Banks To Test FedNow Real-Time Payments System

April 04, 2021
The Federal Reserve’s FedNow program, intended to streamline the clearing and settlement process, will be tested by five Northern California regional banks and three credit unions (CUs), according to a report from North Bay Business Journal. FedNow, which will be fully implemented by 2023, will let individuals and companies transfer funds between accounts, pay bills […]