New system for instant cash in the works

NBC NEWS- A new system is in the works that may allow consumers to pay bills without having to wait for their paychecks to clear.The Federal Reserve board is developing a system that will process payments within seconds. Consumers and businesses will no longer have to wait hours or days for funds to hit their bank accounts. It is called fed-now.
The Federal Reserve says the immediate payments system will give people better access to managing their own money. According to the Federal Reserve, fed