What is the time frame for resolving 'accept without posting' responses in FedNow?

The correct answer regarding the time frame for resolving 'accept without posting' responses in FedNow is that it must be done by midnight Eastern Time of the next standard business day. This requirement is in place to ensure that financial institutions can efficiently manage transactions, maintain accurate records, and provide timely updates to customers.

Understanding the importance of this time frame is crucial, as it helps to provide clarity and consistency in the operation of faster payments. By establishing a clear deadline for resolving these responses, FedNow aims to enhance the speed and reliability of transactions while facilitating proper reconciliation between financial institutions. This framework supports the overall goal of providing a seamless payment experience for users.

The other time frames provided in the options do not align with the established guidelines set forth by FedNow.