Tag: lag

  • FedNow draws some banks, as others lag

    FedNow draws some banks, as others lag

    ⁣ The introduction of the Federal Reserve’s​ new⁣ instant payment system – ⁣FedNow – has seen a mixed‌ response from the banking sector.‍ While ‍some ⁣banks have ⁢enthusiastically embraced the platform, others‍ have been slower to adopt⁢ it, causing a disparity in⁢ its implementation across the industry. FedNow, which was‍ announced in 2019 by​ the…