Remove Check Clearing Remove Fed Remove Same Day ACH
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What’s Fast And Slow And Read All Over?

PYMNTS

But recommendation number five is for the Fed to “determine the optimal design of and implement a 24/7/365 settlement service to serve the needs of the faster payments system…and level the playing field.” It’s also a puzzle that we’d even look to the Feds in the first place to drive payments innovation. back in 2014.

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The Fastest Path To Faster Payments In The US

PYMNTS

But, don’t look for the recommendation to kill checks to emerge from the report that the 500+ person Fed Task Force that’s examining the path forward for the U.S. As for Bryan, he could care less since he just wants to know that he has access to the amount of the check when he needs to use the money.