A forthcoming joint payments venture between Wells Fargo and Bank of America, through which both banks will share a platform to process their automated clearing house transactions, continues to percolate debate.

Nearly a year after both banks announced the partnership, dubbed Pariter Solutions, many payments industry observers and bankers are still on the fence on whether by next year a massive centralization of two of the nation's largest ACH originators — while good for cost benefits between the two partners — would eventually wring the efficiency out of ACH for rest of the industry.

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