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First, there was the Fed’s decision to slow faster payments progress via SameDayACH because it wasn’t ready to approve another processing window during the day. And finally, that the banks and the card networks are the big losers. and one of two operators of the ACHnetwork in the U.S.,
“Same-day and faster payments will give us a lot of the same benefits that we get by handling card transactions, without using the card rails. That’s revolutionary,” he said. When it comes to P2P payments, Proto pointed to a shifting consumer mindset and, in turn, adoption.
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