After reading George Thomas' Sept. 26 Viewpoint, "Direct Send Pacts Threat to ACH System," I wanted to add a few thoughts to the dialogue on what the financial services industry can do to eliminate the need for direct sends altogether.

Let's start with the premise of why banks are involved in direct sends. The primary reason for creating one is to reduce both credit and transaction risk for the originating bank, with float reduction coming as a secondary gain. Credit and transaction risk reduction is accomplished by posting payment transactions one day earlier, which results in a return item from a closed account or a nonsufficient funds item coming back one day sooner.

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