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A comment on US proposes barring tech companies from offering financial services. Parent comment
ACH goes through the FED before it is processed by the receiving bank. Is SEPA sent to the ECB before clearing?
I’ve worked in Fintech for 6+ years. Banks are dinosaurs and the US banks are terrible at adopting new processes/tech.
In the US we are in a standard war with ACH, Zelle, and other payment schemes fighting for market share.
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ACH goes through the FED before it is processed by the receiving bank. Is SEPA sent to the ECB before clearing?
I’ve worked in Fintech for 6+ years. Banks are dinosaurs and the US banks are terrible at adopting new processes/tech.
In the US we are in a standard war with ACH, Zelle, and other payment schemes fighting for market share.