Puts a damper on apps like PayPal who holds onto your money for a period of time. Plus major banks are FDIC protected unlike those fake banks.
Sent from Yahoo Mail for iPhone On Friday, July 21, 2023, 6:57 PM, Laurence Chiu <lch...@gmail.com> wrote: This is a great achievement. And a great fillup for MQ. But even in the most apparently innocuous settings conspiracy theories abound. This video outlines some of them and thankfully debunks them. https://youtu.be/s1Dw3_u9FAs On Fri, Jul 21, 2023, 3:33 PM Timothy Sipples <sipp...@sg.ibm.com> wrote: > Congratulations to the U.S. Federal Reserve Bank on its launch of FedNow, > the real-time fund transfer system. FedNow has launched with the > participation of several banks of all sizes including (as large bank > examples:) JP Morgan Chase, BNY Mellon, and Wells Fargo. > > To connect to FedNow participating banks and other financial > intermediaries use freely available IBM MQ clients. (IBM MQ also supports > API access, and that's a future enhancement planned for FedNow.) Several > popular payment-related applications already support FedNow. The message > format is a bespoke ISO20022 XML format. FedNow has a design goal of > continuous service. FedNow is for "small" transactions. The systemwide per > transaction limit is currently $500,000, although participants can choose a > lower limit if they wish. > > ————— > Timothy Sipples > Senior Architect > Digital Assets, Industry Solutions, and Cybersecurity > IBM zSystems/LinuxONE, Asia-Pacific > sipp...@sg.ibm.com > > > ---------------------------------------------------------------------- > For IBM-MAIN subscribe / signoff / archive access instructions, > send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN > ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to lists...@listserv.ua.edu with the message: INFO IBM-MAIN
