New Payment Exchange Means Real-Time Payments to Recipients
Six large banks (Bank of America, BB&T, Capital One, JP Morgan Chase, U.S. Bank, and Wells Fargo) have announced the formation of a secure, real-time payments network that will be open to credit unions and banks of all sizes. By combining their collective digital payment network, clearXchange, and their fraud risk and authentication assets, Early Warning, the network will allow payments to any recipient to be available immediately. [10/27/15]