Remove ACH Operations Remove Innovation Remove Irrevocability
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Why FedNow Will Slow Real-Time Payments

PYMNTS

Fast-forward four decades, and everyone – FIs, ACH operators, FinTechs – have been working overtime to get payroll off the paper check and to get wages into workers’ bank accounts faster. Without requiring all 12,000+ banks to connect to it, it will be hard to convince banks and innovators to develop products that ride those rails.