Why We’re Concerned About FedNow
Although the July 1 rollout of FedNow is being heralded as a faster payment system that is progressive and wonderful, there are some serious concerns. What is FedNow? “FedNow is the first U.S. government-created and -backed portal allowing banks to send and receive funds almost instantly” (Forbes). It is like Venmo, Zelle, or CashApp for … Continued