PYMNTS
MARCH 2, 2016
The reason faster payments is so important, Proto said, is because the four major quadrants of the payments industry — P2P, B2B, B2C and C2B — are all beneficially impacted when it comes to the expedited movement of money and data. That’s revolutionary,” he said.
PYMNTS
MARCH 18, 2019
Also keen on the Fed’s involvement were the community banks and credit unions that worry (as they should) about having TCH as the only operator of an RTP network in the U.S. and one of two operators of the ACH network in the U.S., TCH is the association of the 25 largest banks in the U.S., the other being the Fed.
PYMNTS
AUGUST 2, 2019
American workers are often paid every two weeks, for example, with money traveling through the ACH network, which can take a few days to settle. Europeans, by contrast, are paid once per month.
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