> The U.S. Faster Payments Council (FPC) is an industry-led membership organization established so Americans can safely and securely pay anyone, anywhere, at any time and with near-immediate funds availability. [0]

> The FedNow Service is a new instant payment service that the Federal Reserve Banks are developing to enable financial institutions of every size, and in every community across the U.S., to provide safe and efficient instant payment services in real time, around the clock, every day of the year. [1]

for context in case not everyone knows what "Faster Payments Systems" is (or that it's the actual name of the system, apparently).

[0] https://fasterpaymentscouncil.org/

[1] https://www.frbservices.org/financial-services/fednow/about....