Re: U.S. Federal Reserve Launches FedNow

2023-07-22 Thread Laurence Chiu
Paypal stores your credit card information (if you want) and of course wants you to maintain +ve balances rather than move the funds back to your bank account. Possibly they have lots of money in those accounts which they can use to invest and which are not probably FDIC guaranteed. >From my

Re: U.S. Federal Reserve Launches FedNow

2023-07-21 Thread Bob Bridges
I use PayPal all the time. I confess that it's main draw for me is that I'm giving my banking information to one vendor rather than many, and I haven't investigated carefully; but it always seemed to me that my payments to others, and their payments to me, go through promptly. References?

Re: U.S. Federal Reserve Launches FedNow

2023-07-21 Thread Bill Johnson
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 wrote: This is a great achievement. And a great fillup for MQ. But

Re: U.S. Federal Reserve Launches FedNow

2023-07-21 Thread Laurence Chiu
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 wrote: >

Re: U.S. Federal Reserve Launches FedNow

2023-07-21 Thread Paul Gilmartin
On Fri, 21 Jul 2023 08:11:07 +0200, Raphaël Jacquot wrote: > >did the US discover the use of IBAN for the occasion, making >international transfers easier ? > Alas, perhaps not: *Important: The U.S. and Canada are two major countries that do

Re: U.S. Federal Reserve Launches FedNow

2023-07-21 Thread Raphaël Jacquot
Le 21/07/2023 à 05:31, Timothy Sipples a écrit : 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

U.S. Federal Reserve Launches FedNow

2023-07-20 Thread Timothy Sipples
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