Instant payments finally reach America

A plumbing is overdue a spot of maintenance. The current payment “rails”—built by a group of the country’s biggest banks to replace paper cheques—are more than half a century old and run on antiquated code. Although robust, the system is painfully slow. American payments are less sophisticated…

#federalreserve #fednow #cashapp #sanfranciscofed #amazon #jpmorganchase #wellsfargo #bankofamerica #citigroup #goldmansachs