FedNow Has a Sender Problem and Galileo Wants to Fix It

Watch more: How Real-Time Payments Reshape Banking Operations FedNow has moved from pilot phase to utility with unusual speed, but its development has produced an uneven landscape in which banks accept instant payments more readily than they can initiate them. That imbalance reflects a system still settling into its operational demands. As Ankush Singhal , director of Product Management for Money Movement at Galileo , told PYMNTS, the receive function has largely matured, while sending remains c