FedNow extension wins support
Stripe, Visa, Wise and industry trade groups back the Federal Reserve’s plan to expand its instant payment system for cross-border use.
Stripe, Visa, Wise and industry trade groups back the Federal Reserve’s plan to expand its instant payment system for cross-border use.
BELLINGS Intelligence Score: 58
Why it matters
The Federal Reserve's plan to expand FedNow for cross-border instant payments represents a significant structural development in the U.S. payments system with broad industry support, potentially altering cross-border liquidity and settlement dynamics for banks and payment providers.
Sources
Banking Dive
FedNow extension wins support
Stripe, Visa, Wise and industry trade groups back the Federal Reserve’s plan to expand its instant payment system for cross-border use.
Payments Dive
FedNow extension wins support
Stripe, Visa, Wise and industry trade groups back the Federal Reserve’s plan to expand its instant payment system for cross-border use.