cryptohunter
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Banks have played a big role in development of EPI. National Automated Clearing House Association (NACHA) was formed, including member banks, to boost electronic fund transfers. Banks worked together through NACHA to make secure and efficient electronic transactions.
As the digital age arrived, banks got into online banking, letting customers manage their money electronically. They also supported electronic payment systems like PayPal in the late 1990s, giving us more ways to pay digitally.
Now, in the 21st century, banks are still leading the way with things like contactless payments, mobile banking apps, and digital wallets. Their involvement in electronic payments shows they're committed to giving customers safe, efficient, and technologically advanced financial services in the U.S.
As the digital age arrived, banks got into online banking, letting customers manage their money electronically. They also supported electronic payment systems like PayPal in the late 1990s, giving us more ways to pay digitally.
Now, in the 21st century, banks are still leading the way with things like contactless payments, mobile banking apps, and digital wallets. Their involvement in electronic payments shows they're committed to giving customers safe, efficient, and technologically advanced financial services in the U.S.
