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Same Day ACH, the faster payments initiative for banks and other financial institutions in the United States, seems to be popular. According to NACHA, the network processed nearly $5 billion in 3.8 still has a long way to go and plenty of faster payment lessons to learn. But the U.S. About The Tracker .
It’s been more than two years since the FederalReserve issued its Strategies for Improving the U.S. Payment System paper, in which the Fed outlined initiatives for the payments industry and its stakeholders to promote progress. Now, the FederalReserve wants to keep the momentum going.
financial players active in the payment infrastructure, is a government-backed mandate necessary to keep these various entities on the same page? That’s a question the FederalReserve Faster PaymentsTaskForce is considering as it looks at ways to make U.S. faster payments safer and more efficient.
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