Google is asking for the Federal Reserve to build a low-cost, real-time payment system and uses (glorious) UPI from India as an example to learn from https://www.federalreserve.gov/SECRS/2019/November/20191113/OP-1670/OP-1670_110719_136981_396266957468_1.pdf …
I do hope FedNow takes a page from Europe’s SCT and will be push (and request) only https://www.europeanpaymentscouncil.eu/what-we-do/sepa-instant-credit-transfer … Google’s ask for pull would undermine trust in the security of bank funds.
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