NEWS on Payments

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Fed Proposes Payments Updates for Same-Day ACH

May 20, 2019
The Federal Reserve Board recently requested comment on potential modifications to the Reserve Banks’ National Settlement Service and Fedwire Funds Service. The changes would support enhancements to the same-day automated clearinghouse service. The Fed also requested comment on corresponding changes to its Policy on Payment System Risk related to a new posting time for transactions and an increased daylight overdraft fee.

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