Why FedNow Will Slow Real-Time Payments
PYMNTS
AUGUST 12, 2019
Senator Elizabeth Warren asks in a campaign ad, ignoring the fact that 93 percent of working Americans have their checks directly deposited into their bank accounts – ready for use on payday – using the ACH network. For most people, it has been a long time since they received a paper check that had to be deposited at the bank.
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