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I think you're right on the ACH Vs Wire Fees earned by banks - from what I've seen the banks earn many many multiples on Wires. Although I understand that real
by smarri 7y ago
I think you're right on the ACH Vs Wire Fees earned by banks - from what I've seen the banks earn many many multiples on Wires. Although I understand that real time and faster payments are being explored as an alternative to Wires which may take some of this share if the schemes get the network effect via all banks signing up to it.
- clintonb 7y agoYep! The big banks are signed up for RTP. We consumers should start seeing it sometime this year. https://www.theclearinghouse.org/payment-systems/rtp https://www.theclearinghouse.org/payment-systems/rtp Edit: Some customers have had access since last year: https://www.jpmorgan.com/country/US/en/detail/1320572715530 https://www.jpmorgan.com/country/US/en/detail/1320572715530.