Remove ACH Operator Remove Real Time Payments Remove Ubiquitous
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Why FedNow Will Slow Real-Time Payments

PYMNTS

It’s also not why the Fed decided to enter the real-time payments fray. The Real-Time Payday Reality. Direct deposit over the ACH network eliminated that friction and got them earlier access to those funds. Banks also know that unless such a network is ubiquitous, it’s not worth much.

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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

That faster payments, whether via the Fed or via the TCH’s Real-Time Payments (RTP) network or both, is a big threat to how banks monetize the movement of money between senders and receivers and their depository accounts. Faster Payments Is Happening, Fast. A Couple of Important Dots. as of January 2019.