Fed Rolls Out Instant Payment System & The Battle for Aretha's $18M Estate
Morning Brew Daily
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FedNow: Navigating Instant Payments and Safety Concerns
This chapter examines the Federal Reserve's launch of FedNow, an instant payment service aimed at improving real-time access to funds for banks and consumers. It discusses the potential benefits and risks associated with this system, including the implications for payroll cycles and the heightened need for regulatory oversight. Additionally, it highlights consumer anxiety in South Korea over seafood safety linked to environmental concerns, showcasing the broader impact of these events on businesses and public perception.
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Transcript
