Fed’s Real-Time Payment System Leaves Community Banks in a Bind
With access to a real-time payments system an important selling point for some business customers, Massachusetts’ community banks find themselves at a fork in the road following the Federal Reserve’s decision to launch its own payments network. Should they wait up to...
Fed to Build Own Real-Time Payments System
The Federal Reserve announced today it will challenge a banking industry-backed group for real-time payments customers by developing its own system. The Federal Reserve Board said the Federal Reserve Banks will develop a new, round-the-clock, real-time payment and...This Week’s Paper: Digital Edition
