Comment on The Fed is getting into the Real-Time payments businessComments−lykr0n7yFedACH is already widely used- this makes perfect sense. All US Banks are part of the Federal Reserve system, so it makes sense for the FRB (which is the entity being discuessed here) to drive this with the help of each Federal Reserve branch.
Comments
FedACH is already widely used- this makes perfect sense. All US Banks are part of the Federal Reserve system, so it makes sense for the FRB (which is the entity being discuessed here) to drive this with the help of each Federal Reserve branch.