"The Federal Reserve
is four-square for its own instant-payments system, dubbed FedNow, even though the final implementation schedule suggests it might better be called FedLate.
The Fed added stimulus-payment snafus to the updated public-good rationale for a its faster-payments system, in a report released Thursday. But details of both its rollout and all the critical, unfinished pieces suggest that the 2023 or 2024 target launch date by could slip into the more-distant future, leaving many folks still looking for their unemployment insurance."