{"id":1003,"date":"2023-04-17T10:07:27","date_gmt":"2023-04-17T10:07:27","guid":{"rendered":"https:\/\/hello.inherentknowledge.org\/2024\/2023\/04\/17\/feds-zelle-like-instant-payment-system-to-go-live-in-july-hundreds-now-testing\/"},"modified":"2023-04-17T10:07:27","modified_gmt":"2023-04-17T10:07:27","slug":"feds-zelle-like-instant-payment-system-to-go-live-in-july-hundreds-now-testing","status":"publish","type":"post","link":"https:\/\/hello.inherentknowledge.org\/2024\/2023\/04\/17\/feds-zelle-like-instant-payment-system-to-go-live-in-july-hundreds-now-testing\/","title":{"rendered":"Fed\u2019s Zelle-like instant payment system to go live in July, hundreds now testing"},"content":{"rendered":"<p>The US Federal Reserve (Fed) is <a href=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/other20230315a.htm\" target=\"_blank\" rel=\"noopener\">preparing to launch<\/a>\u00a0a new financial network that would eliminate any wait time for sending and receiving payments. The system is now being tested by more than 100 market participants.<\/p>\n<p>The FedNow Service, which has been <a href=\"https:\/\/www.frbservices.org\/financial-services\/fednow\/community\/news\/012521-announcing-pilot-program-participants.html\" target=\"_blank\" rel=\"noopener\">in pilot since Jan. 2021<\/a>, is planned to launch in July.<\/p>\n<p>\u201cIt\u2019s a game changer for some businesses,\u201d said Debbie Buckland, a director analyst for financial services at research firm Gartner. \u201cIt\u2019s the first Federal Reserve-sponsored real-time system.\u201d<\/p>\n<p class=\"jumpTag\"><a href=\"https:\/\/www.computerworld.com\/article\/3693256\/fed-s-zelle-like-instant-payment-system-to-go-live-in-july-hundreds-now-testing.html#jump\">To read this article in full, please click here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US Federal Reserve (Fed) is preparing to launch\u00a0a new financial network that would eliminate any wait time for sending and receiving payments. The system is now being tested by more than 100 market participants. The FedNow Service, which has been in pilot since Jan. 2021, is planned to launch in July. \u201cIt\u2019s a game [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1003","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/hello.inherentknowledge.org\/2024\/wp-json\/wp\/v2\/posts\/1003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hello.inherentknowledge.org\/2024\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hello.inherentknowledge.org\/2024\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/hello.inherentknowledge.org\/2024\/wp-json\/wp\/v2\/comments?post=1003"}],"version-history":[{"count":0,"href":"https:\/\/hello.inherentknowledge.org\/2024\/wp-json\/wp\/v2\/posts\/1003\/revisions"}],"wp:attachment":[{"href":"https:\/\/hello.inherentknowledge.org\/2024\/wp-json\/wp\/v2\/media?parent=1003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hello.inherentknowledge.org\/2024\/wp-json\/wp\/v2\/categories?post=1003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hello.inherentknowledge.org\/2024\/wp-json\/wp\/v2\/tags?post=1003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}