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FedNow overtakes TCH in adoption

Thread starter Hoca
Start date Mar 22, 2024

Hoca

Administrator

Staff member

Mar 22, 2024

FedNow, launched just eight months ago, has overtaken its main competitor, The Clearing House’s Real-Time Payments network, in terms of the number of banks on the platform. Nearly 600 financial institutions have joined the government’s payment network since it went live July 20, 2023, Allison Baller, vice president at the Federal Reserve Bank of Boston, […]

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