The Fed plans to create a system that would allow Americans to transfer money faster

• Subject: The Fed plans to create a system that would allow Americans to transfer money faster
• From: jdb10987 at yahoo.com (jim bell)
• Date: Tue, 6 Aug 2019 20:39:07 +0000 (UTC)
• References: <[email protected]>

https://www.newsbreakapp.com/n/0MVbm5ZB?s=a3&pd=02bR0aZz

The Fed plans to create a system that would allow Americans to transfer money faster


The Federal Reserve announced Monday it would develop a payment system that would allow bank payments and transfers to be made instantly and round-the-clock.

Bank customers currently have to wait up to several days for transactions to pull through, a slower pace than in many major economies.

The announcement came after major pushback effort from some of the largest banks, which have launched their own efforts to build such a system.

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