Meeting Consumer Demand With Speed-Of-Life Payments
PYMNTS
DECEMBER 5, 2017
Direct deposits, push payments, eWallets, same-day ACH transfers, PayPal, Zelle and myriad other platforms and tools are now second nature. The persistence of bank wholesale lockboxes, invented in the 1950s, shows this problem has not been tackled to the same degree as payments between consumers and businesses, Diegelman said.
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