Brainard: Delivering Fast Payments for All

From federalreserve.gov

It is a pleasure to be here in Kansas City with Federal Reserve Bank President Esther George to talk about the future of America's payment system. Our payment system is a vital part of America's infrastructure that touches everyone. The choices we make about our payment infrastructure today will affect all Americans many years into the future. Today I am excited to announce the Federal Reserve will invest in a new service to help ensure that real-time payments are available to everyone. The Federal Reserve will develop the FedNow ServiceSM, a real-time payment and settlement service for the future. Everyone deserves ... (full story)