this post was submitted on 06 Jul 2023
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How banks and businesses can prep for the FedNow instant-payment system (www.computerworld.com)
submitted 2 years ago by PopBobert@lemmy.world to c/technology@lemmy.world
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FedNow will be the first of its kind central bank instant payment system in the US and could revolutionize how businesses and consumers pay and receive money. But not everyone is prepared for it.

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[–] Yendor@reddthat.com 4 points 2 years ago (1 children)

Australia has had this for years, and there are no fees (for users anyway)…

[–] CanadianNomad@lemmy.world 3 points 2 years ago

Same in Mexico.. US has the slowest transfers I've seen in decades.