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UK Banks Criticized for Slow Clearing Times

Tags » Banking Industry, Commercial Payments  »

Freelance UK reports on criticism of UK banks for their slow clearing times.

The Daily Telegraph reports the Office of Fair Trading is investigating the problem of slow electronic payments that can often take five days for businesses to complete, compared to just a few hours in Sweden.
Posted: Jun 30, 2004 05:43 AM Pacific |   |   |   Tweet This

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