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Wednesday, October 22, 2025

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NewsDesk Milli Chronicle October 22, 2025October 22, 2025 banking access, banking modernization, banking services, central bank innovation, Christopher Waller, digital finance, digital payments, Fed discount window, Fed payment services, Federal Reserve, FedNow, financial ecosystem, financial inclusion, financial innovation, financial modernization, financial stability, financial system modernization, financial technology, fintech access, fintech integration, fintech regulation, instant payments, monetary policy, nonbank firms, payment account, payment industry, payment infrastructure, payment networks, payment reform, payment technology, real-time payments, regulatory oversight, secure payments, streamlined accounts, U.S. banking, U.S. central bank, U.S. economy, U.S. payments system

Federal Reserve Explores New Streamlined “Payment Account” for Nonbank Firms

Washington – The U.S. Federal Reserve is exploring the idea of creating a new type of account that would give