What’s Fast And Slow And Read All Over?
PYMNTS
JULY 24, 2017
Back at home, the Fed, though, did play a big role in propping up the paper check for much of the 20th century. NACHA has implemented ubiquitous Same Day ACH with credit push and will implement phase two with debit pull in the fall. The paper check clearing system is the biggest drag on faster payments in the U.S.
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