FedNow payment value grows 140% QoQ to $43B

The Federal Reserve’s instant payments network, FedNow, is gaining ground on The Clearing House’s Real Time Payments network and has added more FIs to its network than RTP since its launch in 2017. FedNow’s exponential growth was expected, Sean Viergutz, partner in the financial services division at consultancy PwC, told Bank Automation News. “I think […]