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The Federal Reserve has launched a new real-time payments system, the biggest advance in decades for the antiquated US money transfer network.
“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 pay cheque, or a company to instantly access funds when an invoice is paid,” Jay Powell explained.
https://www.ft.com/content/dcc83529-5659-4d96-8ddf-83351b060e18
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