Posted on 07/20/2023 8:51:27 AM PDT by devane617
The Federal Reserve Thursday officially launched its long-awaited instant payment service FedNow, which allows consumers and businesses to send and receive money in seconds.
The system lets Americans pay for groceries instantly, businesses pay their suppliers, or people pay each other. It will be available 24 hours a day, every day of the year, with full access to funds immediately.
FedNow isn’t offered directly to individuals and businesses, but it will serve as the basis of infrastructure for instant payments by linking banks. Transactions occur between bank accounts and enable funds to be transferred from a sender’s bank account to a receiver’s bank account immediately.
The limit per customer credit transaction will be $500,000, but the initial setting of the transaction limit will be $100,000. The money can move from consumer to consumer, from consumers to businesses, or from business to business.
"The Federal Reserve built the FedNow Service to help make everyday payments over the coming years faster and more convenient," said Federal Reserve Chair Jerome Powell.
(Excerpt) Read more at finance.yahoo.com ...
How does that account help you buy a bag of groceries?
Who wrote this conflicting Word Salad?
Kamala?
First they say this service will be available to consumers and businesses. Then they say it won’t.
“Transient Transactions.” Fed speak.
Welcome to the new, OneWorldgov. The Federal Reserve is Not a govt. agency. They had one responsibility raise or lower interest rates. They couldn’t even manage that. This has been set up for one reason to control our personal and business finances.
A gift to the Cartels
What the Captain really means is that "FedNow is the template for Gov't mandated Crypto Currency, wherein, they can control what you're allowed to buy.
You'll never be able to drive more than half a tank of gas away from home again.
Whodathunk the mark of the beast would be a big ol’ string of random numbers?
When do the injectable chips get delivered?
You have to:
Track it all to
Tax it all to
Control it all to
Restrict it all.
“The govt. will keep track of every penny you spend.”
Alreeady being done.
Shortly after the Obama era rogue Consumr Financial Protection Bureau was created it demanded every financial institution in the country, of any kind, regularly turn over to the CFPB data representing every transaction passed through them. And your stupid Congress critters did not object.
And then we learned this year that the intelligence agencies have been getting away with pretending they are not engaged in domestic spying. True, and false. They now BUY data from everyone that has it.
What is the CFPB and the intelligence community doing with all the data? Fishing expeditions. And as we have seen since 2016 those fishing expeditions may be very political.
What could possibly go wrong?
I gotta bad feeling about this
Perhaps my edit will explain it.
Wire transfers can still take 1-2 business days for the funds to “clear” and be available in your account. Sounds like this is nearly instantaneous.
Because they want a cashless society where they monitor and control all of your spending. If you even say one thing wrong then you get shut off. And the fact the you will know that will prevent you from being anything but a good little girl or boy.
I sent $3k to a friend via Zelle. Like buttah.
Because they want to control you. Can you think of any more effective way to do so? If you can control a person’s money then you have complete control over that person. This administration, or should I say the Deep State/Uni-party is leading this nation into tyranny.
To track your money.
It is a honey pot.
Just got 3500 in a zelle payment.
customer didn’t have a problem at all getting it sent.
Ever see a magicians act when something disappears in a puff of smoke.
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