Remove ACH Operator Remove Irrevocability Remove Ubiquitous
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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.