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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

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 regulator notified NACHA that they need more time to evaluate required changes to their system before giving it the green light. A Couple of Important Dots.

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The Big Tech Canary In The Faster Payments Coal Mine

PYMNTS

when the vast majority of banks have resisted throwing their support behind TCH, which has been trying for the last several years to get its real-time payments alternative off the ground. NACHA was able to get all 13,000 banks in the U.S. It also comes at a time in the U.S. are moving faster than they ever have.