Topic

Legacy Payment Systems

16 questions
Why is Bank of America’s ACH transfer process so slow? Mar 5, 2020 Domestic Payment Rails, National Switches and Clearing Systems Why do many automated bank transfers only process overnight? Aug 1, 2019 Domestic Payment Rails, National Switches and Clearing Systems Why don’t banks process transactions on Sundays? Apr 6, 2019 Domestic Payment Rails, National Switches and Clearing Systems Will RTGS and ACH payment systems become obsolete once faster payment systems like Australia’s NPP are fully implemented? Feb 5, 2017 Domestic Payment Rails, National Switches and Clearing Systems What are the best Check 21 processing providers for startups? Sep 2, 2016 Domestic Payment Rails, National Switches and Clearing Systems How do banks verify checks that are deposited using a smartphone camera? Feb 9, 2016 Domestic Payment Rails, National Switches and Clearing Systems Why does U.S. banking appear relatively outdated compared with other countries? Feb 1, 2016 Domestic Payment Rails, National Switches and Clearing Systems How likely is it that a newer, smarter version of ACH will be created to update or replace the current 1960s-era ACH system? Dec 2, 2015 Domestic Payment Rails, National Switches and Clearing Systems What does a domestic wire transfer actually cost a bank to execute behind the scenes? Jun 12, 2015 Domestic Payment Rails, National Switches and Clearing Systems What are the differences between ACH, SEPA, and RTGS payment systems? Mar 11, 2015 Domestic Payment Rails, National Switches and Clearing Systems In the U.S., which common payment, wire, banking, card, or check problems should technology realistically eliminate within a year? Nov 3, 2014 Domestic Payment Rails, National Switches and Clearing Systems Why are U.S. banks slow to adopt features long used abroad, such as chip-and-PIN cards, pay-at-table systems, and easy free transfers between customers? Jul 9, 2014 Domestic Payment Rails, National Switches and Clearing Systems Given today’s instant digital world, why can’t online bank payments be credited to the recipient immediately, and why do legacy rules still apply? Mar 12, 2014 Domestic Payment Rails, National Switches and Clearing Systems Is there a U.S. bank or credit union that lets customers set automatic ACH limits for specific counterparties? Feb 6, 2014 Domestic Payment Rails, National Switches and Clearing Systems If online banking is widespread, why do checks still take a day to clear? Aug 10, 2013 Domestic Payment Rails, National Switches and Clearing Systems Would banks invest in new payment rails if it allowed them to dominate digital payments like they dominate card networks? Mar 1, 2013 Domestic Payment Rails, National Switches and Clearing Systems