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Why is the Federal Reserve supporting FedGlobal ACH Payments?

April 26, 2017ACH federal reserve fedglobal PAYMENTS supporting

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Why is the Federal Reserve supporting FedGlobal ACH Payments?

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FedGlobal ACH Payments support the Federal Reserve System’s strategic direction to improve the payments system and promote electronic payment services as an alternative to paper-based products. The services are intended to encourage the use of the ACH system for international payments by accelerating the clearing time and reducing the cost associated with these payments.