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>Agree about ACH. The Fed's FedNow instant payment system due out next year should deprecate all that is trash about the ACH rails (switching to a push from a p
by throwaway48375 5y ago
>Agree about ACH. The Fed's FedNow instant payment system due out next year should deprecate all that is trash about the ACH rails (switching to a push from a pull model being one of said deficiencies).
Are they actually going to get rid of ACH though? It's all pointless if they still have ACH for legacy reasons. Take our EMV implementation. Not only do we have "chip and signature" if the chip fails to read three times most readers just fall back to mag stripe.