Remove Check Clearing Remove Consumer Remove Credit Push
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What’s Fast And Slow And Read All Over?

PYMNTS

And, since “free” is a business model the Fed seems to like — and could, as the operator of the settlement network, decide is the price — the question then becomes who does pay to pay to operate the network, since it isn’t going to be the consumer. The paper check clearing system is the biggest drag on faster payments in the U.S.

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