The US banking practices falling behind
A study by the Boston Federal Reserve shows the United States is lagging behind other countries in its move towards electronic payments systems because of outdated methods.
Author Oz Shy investigates why person-to-person electronic funds transfers continue to remain an uncommon method of payment in the United States compared with European countries.
Recent enhancements in online and mobile banking provide account holders with low-cost interfaces to manage person-to-person electronic funds
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