Federal Reserve’s 22×6 Plan Brings U.S. Closer to Always-On Payments
The Federal Reserve is taking a major step toward real-time, near-continuous settlement for large-value payments.The central bank said it will extend operating hours for its Fedwire Funds Service and the National Settlement Service (NSS) to 22 hours per day, six days a week, running from Sunday through Friday — including weekday holidays. The initiative, known … Read more