P-to-P Payment Without The Delays

Bruno, Maria
April 2001
Bank Technology News;Apr2001, Vol. 14 Issue 4, p39
Trade Publication
Reports that New York Cash Exchange Corp.'s network has launched its person-to-person real-time consumer-initiated funds transfer between two financial institution accounts. Linking of Citibank and People's Bank through NYCE; Crediting and debiting of accounts with the speed of an automated teller transaction; Benefits of the NYCE system for banks; Potential profits from the service.


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