The US should take a bold step forward and forget about patching up the old, creaking ACH infrastructure. Build something for the 21st century!
ACH infrastructure needs replacing, not patching
Tag: ACH
On-ramps for the banking superhighway
In her 2012 book Bankrupt, Carol Realini put forward the idea of a “banking superhighway” for the US. This sort of thinking has been gaining ground although not, unfortunately, with everyone. The Federal Reserve is having a consultation about it at the moment (it’s just about to close in fact), following on from NACHA’s decision not to move forward in this area.
