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.
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