Fourth, in October of last year, the Federal Reserve received long-sought authority to pay interest on the reserve balances of depository institutions.
This must change. For instant payments to become the new normal, they must be cheap and easy to use. We would also like to see providers make instant payments available on all commonly used electronic channels and offer much-desired functionalities such as Requestto-Pay. For everyone, everywhere Our strategy goes further. Payments that cross the EU border must become cheaper, easier and faster.