Recorded April 20, 2020
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Since its founding, the Federal Reserve has played a key operational role in the nation’s payment system by providing infrastructure to move funds and information between financial institutions. After assessing hundreds of comments from the industry, the Fed announced its decision to develop a new 24/7/365 RTGS service to support the payment and settlement of faster payments in the U.S. Since then, the Fed has continued its collaboration with industry stakeholders to finalize planned features of the FedNow service. Hear what is next for real-time payments and how your organization can prepare.
Questions answered in this session:
- What are the Fed's next steps for FedNow?
- What initiatives are underway to ensure FedNow is secure, efficient, ubiquitous and fast?
Senior Vice President and FedNow Business Executive, Federal Reserve Bank of New York
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