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FedNow is still FedLater: Banks are slow to adopt a faster payment service

FedNow is still FedLater: Banks are slow to adopt a faster payment service

by Matthew Vega | Oct 10, 2023 | Business, Featured

WASHINGTON — When American consumers deposit checks, they often wonder why it can take days to access their money even with all the modern technology that should be able to verify and transfer funds quickly. The Federal Reserve has introduced a new system to fix this,...

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Medill Today – November 19, 2025

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