{"id":20821,"date":"2024-09-12T06:02:27","date_gmt":"2024-09-12T06:02:27","guid":{"rendered":"https:\/\/flwnet.com\/index.php\/2024\/09\/12\/keybank-to-hold-off-on-fednow-until-dda-reach-hits-5\/"},"modified":"2024-09-12T06:02:27","modified_gmt":"2024-09-12T06:02:27","slug":"keybank-to-hold-off-on-fednow-until-dda-reach-hits-5","status":"publish","type":"post","link":"http:\/\/flwnet.com\/index.php\/2024\/09\/12\/keybank-to-hold-off-on-fednow-until-dda-reach-hits-5\/","title":{"rendered":"KeyBank to hold off on FedNow until DDA reach hits 5%"},"content":{"rendered":"<p>NEW YORK \u2014 KeyBank is hesitant to join the Federal Reserve\u2019s real-time payments network FedNow until the payments rail shows some growth.\u00a0 The $184 billion bank wants FedNow to reach 5% of demand deposit accounts (DDA) before joining the payment network. DDAs allow deposited funds to be withdrawn at any time, Jon Briggs, head of [\u2026]<\/p>\n<p>The post <a href=\"https:\/\/bankautomationnews.com\/allposts\/payments\/keybank-to-hold-off-on-fednow-until-dda-reach-hits-5\/\">KeyBank to hold off on FedNow until DDA reach hits 5%<\/a> appeared first on <a href=\"https:\/\/bankautomationnews.com\/\">Bank Automation News<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>NEW YORK \u2014 KeyBank is hesitant to join the Federal Reserve\u2019s real-time payments network FedNow until the payments rail shows some growth.\u00a0 The $184 billion bank wants FedNow to reach 5% of demand deposit accounts (DDA) before joining the payment network. DDAs allow deposited funds to be withdrawn at any time, Jon Briggs, head of [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-20821","post","type-post","status-publish","format-standard","hentry","category-fintech"],"_links":{"self":[{"href":"http:\/\/flwnet.com\/index.php\/wp-json\/wp\/v2\/posts\/20821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/flwnet.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/flwnet.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/flwnet.com\/index.php\/wp-json\/wp\/v2\/comments?post=20821"}],"version-history":[{"count":0,"href":"http:\/\/flwnet.com\/index.php\/wp-json\/wp\/v2\/posts\/20821\/revisions"}],"wp:attachment":[{"href":"http:\/\/flwnet.com\/index.php\/wp-json\/wp\/v2\/media?parent=20821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/flwnet.com\/index.php\/wp-json\/wp\/v2\/categories?post=20821"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/flwnet.com\/index.php\/wp-json\/wp\/v2\/tags?post=20821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}