• Walmart, Target, and other major retailers are pushing the Fed for real-time payments

    6 days ago - By Business Insider

    Giant retailers such as Walmart and Target are pushing the Fed to facilitate real-time payment in the US.
    Faster payments could resolve some problems caused by the massive popularity of cards in the US.
    The Wall Street Journal points out that a centrally operated faster payments system could accelerate the development of alternatives to card payments.
    Major US retailers, including Walmart and Target, are reportedly putting pressure on the Federal Reserve to develop a centralized real-time settlement service in the US following a request for comment made in October, according to a new Wall...
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