The New York Clearing House Association has taken a small but symbolically important step toward consolidation of payment systems.

Small Value Payments Co., a spinoff of the association, has agreed to acquire a Dallas-based company that has been instrumental in the movement toward automated check clearing.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.