Remove ACH Operations Remove Payment Networks Remove TCH
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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

And finally, that the banks and the card networks are the big losers. Last week, NACHA issued an ACH operations bulletin announcing the delay of the rollout of a third Same Day ACH (SDA) processing window by six months, to March 19, 2021. The Fed’s Hat and the Faster Payments Ring. A Couple of Important Dots.

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Why FedNow Will Slow Real-Time Payments

PYMNTS

Direct deposit over the ACH network eliminated that friction and got them earlier access to those funds. Fast-forward four decades, and everyone – FIs, ACH operators, FinTechs – have been working overtime to get payroll off the paper check and to get wages into workers’ bank accounts faster. Slowing Innovation.