FedNow Cross-Border Plan Tests Real-Time Payments Infrastructure (opens in new tab)

The Federal Reserve’s proposal to expand FedNow beyond its current domestic limitations arrives at a moment when demand for faster cross-border payments is colliding with the realities of compliance, correspondent banking and payment-system design. The proposal would amend Regulation J to allow FedNow participants to use intermediaries other than Federal Reserve Banks when sending […] The post appeared first on <a href="