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Role of Electronic Funds Transfer in Wiring Money Online

Ever wonder how the exchange of money progressed from the days of the telegraph wire into the digital world? A big part of that story in the U.S. was the establishment of two networks for electronic funds transfers: the National Automated Clearing House Association (NACHA) and the Federal Reserve Wire Network (Fedwire). Read about the history of electronic funds transfers and their performance in the market today.

 

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