The Federal Reserve Is Working On Plans To Improve The Speed And Safety Of The Banking Industry
Online banking is becoming a very popular service to people today, and approximately 69 million Americans currently use it for their banking needs. One of the few downsides of online banking is the problem with the length of time it can take for transactions to clear. This is a problem for customers, businesses, and banks, but the Federal Reserve is currently finding ways to improve the speed of this system.