Tag Archives: payment system improvement

How to speed up tortoise-like U.S. payments?

Fred Williams

The U.S., with its supposedly dynamic financial system, still takes days to complete noncash payments, lagging other parts of the world. The Federal Reserve is holding a nationwide brainstorming session for ways to complete payments in “near real-time,” in order to keep up with a world that expects results at the tap of a smartphone key.
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