Remove Check Clearing Remove Digital Payments Remove Same Day ACH
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What’s Fast And Slow And Read All Over?

PYMNTS

For years, the Fed’s payments folks have been wracking their brains to figure out a way to remain relevant in a digital payments world in which it was becoming increasingly less so. The Fed didn’t see the need for people to conduct commerce on the web and create digital payments schemes that would allow them to do that.

Fed
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The Fastest Path To Faster Payments In The US

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But, don’t look for the recommendation to kill checks to emerge from the report that the 500+ person Fed Task Force that’s examining the path forward for the U.S. And a complicating factor for how to monetize “faster payments” in the U.S. Something that NACHA’s Same Day ACH rulemaking provides for and which the Fed blessed.