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The Federal Reserve’s 24/7 payment system could deposit your paycheck instantly
The Federal Reserve’s 24/7 payment system could deposit your paycheck instantly Image: Federal Reserve via FlickrYour paycheck could arrive even sooner, thanks to the Federal Reserve’s newly launched payment system. The system, called FedNow, is an instant-payment service that operates on a 24/7 basis — even on holidays.
First announced in 2019, FedNow acts as a “common network” between banks and credit unions, making it ea...
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