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Instant payments

The Federal Reserve could help instant payments catch on

by Justin Ho
Aug 2, 2023
Many small banks have been hesitant to offer instant payments, even though they’ve been available for years. But the central bank’s FedNow service could cause more banks to give instant payments a try.
A couple of weeks ago, the Federal Reserve launched FedNow, a new payment service that allows people to send and receive money instantly.
Daniel Slim/AFP via Getty Images
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Banks eager to help you beam money to friends faster

by Annie Baxter
Aug 2, 2016
Several big banks are letting customers beam payments to friends in real time.
Banks are trying to catch up to Millennials with this whole instant transfer of money stuff. 
Spencer Platt/Getty Images
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