The Latest Breaking News from FedNow

India's UPI shows that a government can get substantial things done, even with widespread public skepticism and within a boisterous democracy.

FedNow service means paying money between accounts just got much quicker, so long as your bank is a partner.

Social media users shared a range of false claims this week

The conversation around the role of central banks in the economy has taken on a new dimension among U.S. presidential hopefuls like Ron DeSantis and Vivek Ramaswamy. These politicians want to make it clear they would not support any proposals for a central bank-backed digital U.S. dollar as they make…

Social media users shared a range of false claims this week

FedNow’s ability to give customers of traditional banks instant payments detracts from one of the main draws of a central bank digital currency.

President Joe Biden issued an executive order last year calling for more urgency and research on CBDCs.

First of all, what is ISO 20022? ISO 20022 is an ISO standard for electronic data interchange among financial institutions. It describes a metadata repository containing descriptions of messages and business processes and a maintenance process for the repository content.

Several reports coming from the Biden administration today show it is prioritizing speeding up global and international payments.