Why FedNow Will Slow Real-Time Payments A week ago today, the Fed made official its plans to build and operate a real-time payments network in the U.S. With a rollout planned for 2024, Karen Webster said itâs not exactly moving the payments ecosystem forward, faster, to having a brand new set of ubiquitous real-time payments rails. And that, she said, will only slow things down for some, while others will use their assets and the next half-decade to make hay while the faster, even real-time, payments sun shines. Hereâs her take. |