همفکران فناوری شریف
1Introduction
The Federal Reserve Banks launched FedNow in July 2023. It lets participating banks and credit unions settle payments in seconds, 24/7/365.
2Discussion
The aim is to make instant payments available beyond large banks. Common uses include on-demand pay, person-to-person payments and last-minute bill payments.
3Conclusion
FedNow uses ISO 20022 and operates alongside private-sector instant payment systems, showing that instant payments are now core infrastructure even in mature markets.
Sources
همفکران فناوری شریفThis article summarises the official sources cited, prepared by the Hamfekran Fanavari Sharif team for finance leaders.
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