North American Payments

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Across
  1. 2. Faster Payments offering from Federal Reserve.
  2. 8. FIs could borrow from other FIs to receive or disburse liquidity for their participants using liquidity management ________(LMT)
  3. 9. Middleware to exchange FedNow messages
  4. 10. FIRD stand for Financial Institution ____________ Data
Down
  1. 1. RTN is ______ Transit Number
  2. 2. This RTGS system in US is going full ISO in 2025.
  3. 3. RDFI stands for Receiving _________ Financial Institutions
  4. 4. FedNow participants or their correspondents will be expected to maintain balances in these accounts to settle FedNow transactions.
  5. 5. FedNow service will use this messaging standard
  6. 6. The ________ clock creates a defined process for each step in a transaction that clears and settles through the FedNow Service
  7. 7. Fednow (FIs) will need adequate funds or available _________ in their accounts at all times