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The letter, noted the report, was in response to a request for comment from the Federal Reserve about what its role should be in driving faster payments. The tech giants pointed to the fact that the Fed already plays the central role for checks and wiretransfers.
FLEETCOR did not immediately respond to a request for comment to Yahoo Finance. There are also fees if the fleet cards go unused and fees connected to paying card bills via wiretransfer. The agency said that tens of thousands of clients had sent in complaints to the Better Business Bureau and/or government bodies.
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