The U.S. Postal Service is elbowing its way into a payment processing market that banks actively serve.

The agency has developed what it calls the Customer Initiated Payment System, relying on postcards to initiate electronic transfers of funds through the automated clearing house network.

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.