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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

First, there was the Fed’s decision to slow faster payments progress via Same Day ACH because it wasn’t ready to approve another processing window during the day. TCH is the association of the 25 largest banks in the U.S., and one of two operators of the ACH network in the U.S., 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. Oddly, the push for faster payments also comes at the same time when payments in the U.S. It also comes at a time in the U.S.