Nick Chandi is the CEO of ForwardAI , which helps financial institutions and accountants access, monitor and manage business accounting data. getty Digital payments are an integral part of the global economy, with countless daily transactions. Paying digitally is done by individuals, businesses and governments worldwide and has become an essential part of many people’s everyday lives. Over the years, digital payment technology has evolved and improved with the introduction of new payment methods, such as debit cards, mobile payments and digital wallets. These advances have made it easier and more convenient for people to make and receive payments electronically. What Businesses Use Now As digital payment technology continues to evolve, we will likely see even more innovations and improvements in the future. Yet, despite the evolution we have seen in the past century, the last time U.S. banks adopted a new electronic payment rail on a large scale was during the establishment of the Automated Clearing House network—or the ACH network—back in the 1970s. To put things into perspective, it took nearly seven to 10 years until the ACH network took off due to the groundwork required, and almost 50 years later, the ACH payment rail is still […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
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