It's cheap and relatively secure and it's worked brilliantly for decades, so what's wrong with the Automated Clearing House network?

Well, nothing, except maybe the two or three days it takes the system, operated by NACHA and the Federal Reserve, to settle and clear many transactions. And so, some payments startups are attacking the speed problem with new person-to-person payments services, chief among them Dwolla, of Des Moines, Iowa.

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