Federal Reserve Taps Amazon for New Payments Project; Lawmakers Calls for Scrutiny

Published on Feb 24, 2023

The Federal Reserve has tapped Amazon (AMZN) to provide data storage for an ambitious new payment system, according to sources familiar with the matter. The move could increase political pressure to put the tech giant under the watch of U.S. financial system regulators.   The new payment system, FedNow, will allow businesses and individuals to transfer […]

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