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How The FedNow Service Could Keep Checks In B2B Payments

PYMNTS

Many of the private sector’ s efforts to accelerate payments, including those from The Clearing House and SWIFT, aim to promote adoption of electronic payments considering the costs and slow speeds associated with paper checks.

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The Fastest Path To Faster Payments In The US

PYMNTS

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. KILL CHECK RATIONALE #4 … MAKE B2B PAYMENTS BETTER. SWIFT produced a very thorough report detailing the rationale for making payments faster worldwide.