You replied to jarfil with the words “this post”, it isn’t clear if “this post” refers to jarfil’s comment or to the article itself. Also, the use of “You” leads the reader to imply that the “You” is jarfil, rather than “You” meaning ‘anyone who tells someone to withhold their vote for a political stance’.
The “FedNow” service, which has been in the works since 2019, will seek to eliminate the several-day lag it commonly takes cash transfers to settle, bringing the U.S. in line with countries including the United Kingdom, India, Brazil, as well as the European Union, where similar services have existed for years....
The FedNow Service went live on July 20, 2023. It is available to depository institutions in the United States and enables individuals and businesses to send instant payments through their depository institution accounts. The service is a flexible, neutral platform that supports a broad variety of instant payments. At the most fundamental level, the service provides interbank clearing and settlement that enables funds to be transferred from the account of a sender to the account of a receiver in near real-time and at any time, any day of the year. Depository institutions and their service providers can build on this fundamental capability to offer value-added services to their customers.
So it’s a system your bank uses to send your money to other people’s accounts at other banks. In my mind it’ll kinda be like bill pay, you’d go to your bank’s website to do it.
Alabama town that hasn’t held elections in decades sued to allow voting ( www.theguardian.com )
An update to this post beehaw.org/post/6717143
US Federal Reserve launches "FedNow" - the long-awaited instant payments service, modernizing the US banking system ( www.reuters.com )
The “FedNow” service, which has been in the works since 2019, will seek to eliminate the several-day lag it commonly takes cash transfers to settle, bringing the U.S. in line with countries including the United Kingdom, India, Brazil, as well as the European Union, where similar services have existed for years....