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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.
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“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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