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-0.00053713560232426 -0.00114751696860191 4.88305093023064E-05 0.00146491527906642 0.00258801699301724 0.000634796620928873 0.00295424581278392 0.00190438986278634
Stock impact report

Boston Fed touts FedNow [Yahoo! Finance]

PNC Financial Services Group, Inc. (The) (PNC) 
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am Check Earnings Report
Company Research Source: Yahoo! Finance
Dive Brief: In a Federal Reserve Bank of Boston's podcast, Brian Clarke, payments analyst and deputy director for the regional and community outreach department at the bank, encouraged financial institutions to develop instant payment services to help consumers avoid service fees. Clarke cited an upcoming Fed survey, which found that nine in ten respondents would use a bank account more often if their bank offered instant payments. The Fed research also found that 55% of respondents had been charged an overdraft fee over the past year, he said. The survey data referenced in the podcast is part of a research project soon to be published, a spokesperson for the Boston Fed said. While some financial institutions have expressed concerns about instant payments facilitating fraud, the Fed has staffers focused on fighting and reversing fraud in the financial system, Clarke added. Dive Insight: The expansion of instant payments would pay dividends for unbanked and underbanked peopl Show less Read more
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