Deep Dive: Weighing The Federal Reserve’s Faster Payments Proposal
PYMNTS
FEBRUARY 4, 2019
percent, according to Federal Reserve data. Use of Same Day ACH (SDA) — overseen by NACHA (The Electronic Payments Association) and the Federal Reserve — has risen. The Federal Approach. Against this backdrop, the Federal Reserve proposed creating its own real-time payments service in October 2018.
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