Payments News

Are faster payments only for the biggest banks?

Nov 07, 2018

As the Federal Reserve guides the U.S. on its steady march toward a faster payments system, a thorny issue continues to plague some of the most prominent efforts: Could the smaller banks stay abreast of the technologies that larger banks are readily supporting and deploying?

The Clearing House launched its real-time payments service a year ago, touting it as the first new payments rail in the U.S. in more than 40 years. Smaller banks responded with a shrug.

Read the full article.