“For among my people are found wicked men: they lay wait, as he that setteth snares; they set a trap, they catch men.” – Jeremiah 5:26
The Federal Reserve on Thursday announced that its new system for instant payments, the FedNow® Service, is now live. Banks and credit unions of all sizes can sign up and use this tool to instantly transfer money for their customers, any time of the day, on any day of the year.
The Federal Reserve built the FedNow Service to help make everyday payments over the coming years faster and more convenient.
Over time, as more banks choose to use this new tool, the benefits to individuals and businesses will include enabling a person to immediately receive a paycheck, or a company to instantly access funds when an invoice is paid.
Federal Reserve Chair Jerome H. Powell, said
The never-ending nightmare continues, and with this…game over, man!
Below is a terrific summary of what this all means for you and me. If you can’t watch it below, go to winepresssnews.com
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Tonight’s musical offering:
Dispatches from the Asylum 