The CEO and founder of Orum talks instant payments. Why payments still move so slowly and what it is going to take to move to a world where all money moves instantly
While America remains the richest economy in the world it is also the one where it is the most expensive to be poor. I have written about overdraft fees before (hereĀ andĀ here) and that is one of the real problems with the banking system that is holding people back that live paycheck to paycheck. But it is about more than overdrafts, it is about expensive bank accounts and payments that take too long to clear.