Dwolla, Shazam submit plans to speed payments
BPC Staff May 10, 2016 | 3:46 pm
<1 min read time
0 wordsAll Latest News, Banking and Finance, Government Policy and Law, Innovation and EntrepreneurshipFinancial technology startup Dwolla and payment processor Shazam Network have submitted proposals to a Federal Reserve task force charged with figuring out how to speed up electronic payments, The Des Moines Register reported.Industry experts say such a system would help consumers and businesses better manage their money. Dwolla proposes a real-time payments system it developed as a model for a nationwide network. Shazam’s proposal focuses on its existing payments network, which includes real-time options for customers.
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