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Question to Google AI:
Question: fednow enables immediate, around-the-clock clearing and settlement of transactions, providing instant access to funds, unlike traditional ACH transfers; contrailly why isn't ACH considered the same with regard "around-the-clock clearing and settlement

Google AI:AI Overview
What is the FedNow Program: A Complete Overview I Scalefocus
FedNow is a real-time, 24/7 instant payment service launched by the Federal Reserve in July 2023, allowing individuals and businesses in the U.S. to send and receive funds instantly. It enables immediate, around-the-clock clearing and settlement of transactions, providing instant access to funds, unlike traditional ACH transfers.
Key Features and Benefits of FedNow

Instant Access: Funds are available immediately to the receiver, enabling 24/7/365, including weekends and holidays.
Instant Settlement: Payments are cleared and settled individually in real time, not in batches.
Use Cases: Supports person-to-person (P2P) payments, consumer-to-business (C2B) bill payments, and business-to-business (B2B) transactions.
Improved Cash Flow: Offers faster paycheck, invoice, and insurance payout processing.
Not a Replacement: FedNow does not replace Cash or ACH; it operates alongside them as an additional, faster option.
Accessibility: Over 900 financial institutions were participating in the service after its first year.

FedNow vs. Other Payment Methods

FedNow vs. ACH: FedNow is instant, whereas ACH typically takes one to three business days.
FedNow vs. RTP: While both are instant payment systems, FedNow is operated by the Federal Reserve, while the RTP network is owned by private banks.
FedNow vs. Apps (Venmo/Cash App): Unlike third-party apps that sit on top of existing bank systems, FedNow clears directly through the Federal Reserve.

Is FedNow a Central Bank Digital Currency (CBDC)?
No, the Federal Reserve explicitly states that the FedNow Service is not a digital currency or a CBDC. It is a payment rail to move existing commercial bank money faster, not a new form of currency.

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ACH has always been instant for my transactions..1-3 days?