For NACHA’s Same Day ACH, The Debit Debut

Category: Disbursements

What’s Fast And Slow And Read All Over

The Federal Reserve Faster Payments Task Force released its 64-page report outlining ten recommendations for making payments in the U.S. faster, ubiquitous, safer and interoperable. Three hundred people put a lot of hard work into creating a framework for payments that Karen Webster said in principle sounds not all that different than what we have in place today. With one exception — it comes with the Fed having a seat at the table — and maybe even the seat. So why again, do we need an entirely new payments system run by the regulator whose last innovation was …..? Webster says we probably don’t.