FedNow CEO Observes Banks Striving to Keep Up with Nonbanks Amid Rapid Growth
There’s a growing rivalry between banks and non-bank entities as consumers look for quicker, more accessible ways to transfer money. Banks recognize that FedNow services provide an edge in a market that prioritizes speed and dependability. According to executives interviewed by PYMNTS, the surge in FedNow adoption is notable. “We began with just 35 institutions, […]