FedNow: A Competitive Threat to FinTech

Zach Perre: FedNow is going to be a brand new payment rail coming in. We expect it to increase consumer choice, increase competition, increase optionality for people out there. The big question in my mind is how fast are we going to go from 35 to 350 to 3500 financial institutions that are using FedNow and enabling all of those millions of consumers to actually use it on the back end.