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QUICK PAYMENTS TAKE TIME: Nacha will invite comments from banks for perhaps a year before holding a vote on its plan because "implementing across some 13,000 financial institutions across the United States is not a simple task," President Janet Estep says.

Bank Industry Group Revives Faster Payments Plan

The organization that runs the automated clearing house network wants to phase in same-day payments in three stages. The move follows the defeat of a similar plan in 2012.

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