Be Well: Federal Reserve Introduces FedNow Payment System
Marty Cantor, CPA and economic development consultant, joined Cheddar News to talk about the Federal Reserve's newest payment system, FedNow Service. That platform is designed to make real-time payments more widely available for businesses and individuals.
Consumers are expected to use “buy now, pay later” payment plans heavily this holiday season, a forecast that bodes well for retailers but that has credit experts again sounding alarm bells.
