{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Instant payments, instant impact?: Why speed matters","description":"Instant payments often aren\u2019t \u201cinstant\u201d at all, due to lags between when money is sent and received. These lags can be costly for people who need the money immediately to pay bills on time. Some end up paying late or overdraft fees. Others are forced to turn to expensive alternative financial services, like payday loans. Brian Clarke is a payments analyst and deputy director in the Regional &amp;amp; Community Outreach department at the Boston Fed. He spoke with us about the emergence of truly \u201creal-time\u201d instant payments, when money is sent and received in seconds. He says this speedy payment processing can really help small businesses and lower-income households avoid fees and costly services. The FedNow Service is the Federal Reserve\u2019s real-time instant payments infrastructure. Learn more about it at&amp;nbsp;https:\/\/explore.fednow.org\/about. For more interviews and analysis of the economy in New England and nationwide, visit&amp;nbsp;BostonFed.org\/SixHundredAtlantic.aspx. Subscribe to&amp;nbsp;our email list&amp;nbsp;to stay updated on new episodes. ","author_name":"Six Hundred Atlantic","author_url":"https:\/\/www.bostonfed.org\/publications\/six-hundred-atlantic.aspx","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/40046270\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/198397260"}