Watch New FedNow Service & Conspiracy Theories Around It, Explained Video

28 sec read

“The Federal Reserve launched its FedNow instant-payments service Thursday, following several years of developing a system officials say will allow the faster flow of cash for businesses and individuals.

“Whether it’s providing instant access to paychecks, allowing for last-minute bill payments or sending government payments out to individuals, the system is expected to improve the flow of money through the U.S. economy.

““The Federal Reserve built the FedNow Service to help make everyday payments over the coming years faster and more convenient,” Fed Chair Jerome Powell said. “Over time, as more banks choose to use this new tool, the benefits to individuals and businesses will include enabling a person to immediately receive a paycheck, or a company to instantly access funds when an invoice is paid.””

Read more at NBC

Author

Watch Comedian Tiffany Haddish Receives Backlash for Visit to…

“Tiffany Haddish has sparked uproar online with her Israel trip, with the visit causing the comedian to lose over 14,000 Instagram followers in less...
JM
16 sec read

Watch New ‘Dune: Part 2’ Jeremy Jahns Movie Review…

“A remarkable proportion of Denis Villeneuve’s epic science-fiction sequel, Dune: Part Two, is about giant worms racing through the desert at breakneck speed. “They...
JM
20 sec read

Watch AIDS Activist Hydeia Broadbent Dead at 39 Celeb…

“Hydeia Broadbent, known for raising awareness to lessen the stigma around HIV/AIDS from a young age, has died at 39 years old. She was...
JM
16 sec read