FedNow Opens Door to Cross-Border Instant Payments

T2Covered by 1 source · first reported by PYMNTS at 24 Sept, 23:15 UTC

The Federal Reserve is taking its instant payment system global. Federal Reserve Financial Services said Wednesday (Sept. 23) that the FedNow® Service will soon support cross-border transactions. The move is the first major step beyond U.S. borders for FedNow since it launched in July 2023. Until…

fintech

Sources

• T2FedNow Opens Door to Cross-Border Instant PaymentsPYMNTS24 Sept, 23:15