Because prior to 2001, it was illegal to clear the money without the physical check present. [0] There’s an effort to modernize ACH, but it’s still years away

Because prior to 2001, it was illegal to clear the money without the physical check present. [0] There’s an effort to modernize ACH, but it’s still years away from wide rollout. [0] https://payment21.com/blog/paper-check%E2%80%99s-death-began-september-11-2001 https://payment21.com/blog/paper-check%E2%80%99s-death-began...