The first new U.S. payment and clearing system in more than 40 years passed its initial test drive yesterday.
Known as Real-Time Payments, the system set up by The Clearing House quickly processes payments and also carries data similar to an invoice.
The transaction yesterday a customer made between different accounts at Bank of New York Mellon and U.S. Bancorp went through in 3 seconds.
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JQH Tower Club reopened; Tractor Supply Co. launched its first Bolivar store; and the Springfield branch of PrimeLending moved.
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