FedNow Is Here

3 min read

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The FedNow Service Goes Live In July If you like this content follow me here The Federal Reserve is set to launch its highly-anticipated FedNow Service in July, providing financial institutions and individuals with a modern, round-the-clock instant payment solution. The FedNow Service aims to facilitate nationwide reach of instant payment services by financial institutions, regardless of size or location. The service will enable businesses and individuals to send and receive instant payments at any time of day, with recipients gaining full access to funds immediately, thus providing greater flexibility to manage their money and make time-sensitive payments. The FedNow Service…...

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Mike Hassaballa Mike earned a master’s degree in applied science in 2013, then he launched his career in the data centre industry. In 2015, he shifted gears and took on a Lead Engineer role in a company developing emission reductions technology. He then moved in 2018 into energy consulting. Mike focuses on most critical issues and opportunities in business: strategy, operations, technology, transformation, advanced analytics, and sustainability. Mike writes fascinating stories meant to be read by anyone. He excels in simplifying complex subjects and bringing a fresh new perspective to pressing issues.