FedNow
US real-time retail payment system
Episodes
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#6015: How Banks Move a Million vs a Billion DollarsA million and a billion are the same number to a computer. The difference is liquidity, netting, and where the payment actually settles. -
#4309: Where Does Your Money Go During Those Three Days?Your money doesn't move during a transfer. It's just ledger edits waiting for trust. Here's why. -
#1494: The Billion-Dollar Beep: Inside the Financial CascadeExplore the complex "cascade" of credit card processing and why your morning coffee tap triggers a multi-billion dollar journey. -
#1025: The Three-Day Money Gap: Why Banking is Still So SlowEver wonder why digital money takes days to move? Explore the hidden friction of the global banking system and the race for instant speed.