- From https://explore.fednow.org/resources?id=67#_Who_should_downl... :
> Who should download the FedNow ISO 20022 message specifications and how can I access them?
> The Federal Reserve is using the MyStandards® platform to provide access to the FedNow ISO 20022 message specifications and accompanying implementation guide. You can access these on the Federal Reserve Financial Services portal (Off-site) under the FedNow Service. Users need a MyStandards account, which you can create on the SWIFT website (Off-site). View our step-by-step guide (PDF, Off-site) for tips on accessing the specifications.
FedNow charges a $0.045/tx fee. (edit: And a waived $25/mo fee [...] https://explore.fednow.org/explore-the-city?id=3&building=&p... )
From "X starts experimenting with a $1 per year fee for new users" https://news.ycombinator.com/item?id=37933366 ... From "Anatomy of an ACH transaction" (2023) https://news.ycombinator.com/item?id=36503888 :
> The WebMonetization spec [4] and docs [5] specifies the `monetization` <meta> tag for indicating where supporting browsers can send payments and micropayments:
<meta
name="monetization" content="$wallet.example.com/alice">
And from "Paying Netflix $0.53/H, etc." https://news.ycombinator.com/item?id=38685348 :> W3C Web Monetization does micropayments with a <$0.01/tx fee, but not KYC or AML.
> [Web Monetization] is an open spec: https://webmonetization.org/specification/
Built on W3C Interledger: https://interledger.org/interledger :
> Built on modern technologies, Interledger can handle up to 1 million transactions per second per participant
> ILP is not tied to a single company, payment network, or currency.
Interledger > Peering, Clearing and Settling: https://interledger.org/developers/rfcs/peering-clearing-set...
Can FedNow handle micropayments volumes? > Micropayments: https://en.wikipedia.org/wiki/Micropayment
Does FedNow integrate with Interledger; i.e. is there support for "ILP Addresses"?