Two dozen financial institutions have signed up to use FiSync, the real-time transaction network created by Dwolla to compete with ACH.
Transactions completed over FiSync are similar in cost to those over ACH, but the time involved is more comparable to a credit card transaction. Founder and CEO Ben Milne says the company is slowly rolling its network out, taking its time before adding new FIs to the network, according to American Banker.
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