We do. Small companies don’t want to deal with setting direct deposits through an ACH and it’s much easier to write a check. The latest number from the Federal Reserve was that in 2018 they processed 18 billion checks issued by companies and individuals.
Do you really have an integration with the Federal Reserve and the Clearing House or do you have an integration to a bank that has it? Last time I checked at least one of them required participants to be a chartered financial institution.
I’m not sure you can reverse a FedNow payment as it uses a good funds model. The same way you can’t reverse a wire and the only reversible allowable for ACH is for erroneous files/payments and unauthorized debits (not all fraud is applicable there).
Actually yes, FedNow will only support one way transfers (push credits), when the owner of the account can initiate a transfer. Request for Payments supposed to support this as well, when merchant can send you a request to pay for something, but the account owner is the one who authorizes the transfer (ad oppose to direct debits in the ach world).
I’m a Technical PM with a lot of program management experience and I want to contribute. Hit me up if you need anyone with soft (not engineering) skills. My email in my profile.
That doesn’t make this OK. Furthermore, if a book was published through Amazon’s own publishing program they already know who is the owner and who is not and could actually solve this fast and efficiently.
Also, infringement is not a victimless crime and while humans can more easily discount its affect on large corporations (in your example with Pokémon), this really affects individual authors that try to make a living off of their talent.
