Chief Payments Executive of the Federal Reserve, Mark Gould, stops by the studio for this special episode of Fintech Recap with Alex and Jason to chat about the evolution of instant payment and how FedNow is attempting to make the clearing and settling of payments instant and final.

Are checks obsolete? How much money does the Fed clear daily? And has the amount of money in circulation increased or decreased within the last ten years?

Mark’s answering all of Alex’s and Jason’s questions and unraveling what a successful rollout of FedNow will look like in the imminent and distant future.

Sign up for Alex’s Fintech Takes newsletter for the latest insightful analysis on fintech trends, along with a heaping pile of pop culture references and copious footnotes. Every Monday and Thursday: https://workweek.com/brand/fintech-takes/

Follow Mark:

LinkedIn: https://www.linkedin.com/in/mark-gould-7241098/

Follow Jason:

Newsletter: https://fintechbusinessweekly.substack.com/

LinkedIn: https://www.linkedin.com/in/jasonmikula/

Follow Alex:

LinkedIn: linkedin.com/in/alexhjohnson

Twitter: twitter.com/AlexH_Johnson

S4 Ep7: Fintech Recap: How FedNow is Revolutionizing the Future of Instant Payment