Quote of the Day
"The irony of the story is that, in many respects, banks are responsible for the challenges they face. Banks are pushing for more ACH transactions, new ACH items, without necessarily building up new economics, such as applying interchange fees." - from Gwenn Bezard, research director with the Boston-based Aite Group, as reported in an article by Kenneth Cline in Payments Strategies titled "Can Banks Profit From Payments’ Transition?".
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