[[{"@context":"http:\/\/schema.org","@type":"Answer","name":"What is FedNow?","text":"The FedNow Service is a digital payments system developed by the Federal Reserve to help financial institutions transfer money for their customers in real time, 24\u00d77 any day of the year.","@id":"https:\/\/www.the-future-of-commerce.com\/2023\/05\/23\/us-preps-fednow-for-instant-payments\/#Answer"},{"@context":"http:\/\/schema.org","@type":"BlogPosting","about":["https:\/\/en.wikipedia.org\/wiki\/Payment_system","http:\/\/www.wikidata.org\/entity\/Q115805060","https:\/\/www.the-future-of-commerce.com\/2023\/05\/23\/us-preps-fednow-for-instant-payments\/#About","https:\/\/en.wikipedia.org\/wiki\/FedNow#About","http:\/\/www.wikidata.org\/entity\/Q53536","https:\/\/en.wikipedia.org\/wiki\/Digital_currency","https:\/\/en.wikipedia.org\/wiki\/Payment_service_provider"],"keywords":["Financial Services","Payment Methods","Payment Processing","Payment Trends","Banking Industry","Digital Banking","Digital Payments"],"datePublished":"2023-05-23","dateModified":"2023-05-25","url":"https:\/\/www.the-future-of-commerce.com\/2023\/05\/23\/us-preps-fednow-for-instant-payments\/","mainEntityOfPage":"https:\/\/www.the-future-of-commerce.com\/2023\/05\/23\/us-preps-fednow-for-instant-payments\/","name":"US preps FedNow for instant payments, but sparks skepticism","headline":"US preps FedNow for instant payments, but sparks skepticism","description":"The Federal Reserve will begin rolling out a real-payments system in July that promises to transform financial transactions in the US. 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