It’s the Fed vs. The Clearing House on US real-time payments (Premium)

It’s been a big week in the payments space, with the Federal Reserve launching FedNow℠, a new Real Time Gross Settlement (RTGS) system that will go live in 2023 or 2024. FedNow℠ will compete directly with The Clearing House’s RTP® network, launched in 2017. The competition today is over smaller banks and who pays what; the future competition is for the big banks with the most volume.
This content requires free registration (unlocked content) or a Finadium subscription. Log in or get access today by signing up here.

Related Posts

Previous Post
Charles Schwab announces connectivity to Bloomberg’s stock loan trading platform
Next Post
Risk: Goldman improves execution ‘by 50%’ with new algos

Related Posts

Fill out this field
Fill out this field
Please enter a valid email address.

Menu
X

Reset password

Create an account