Why isn’t same day banking catching on?
There has been a buzz for a while about same day banking, yet is doesn’t seem to quite catch on, why?Let’s start with what same day banking is. Let’s say you own a store, restaurant or another business where a part of your daily revenue is cash. You want that cash in your bank account as quickly as possible. The sooner it gets into your bank account, the better cash flow and the more interest for you. Same day banking technology moves the money from the safe in your business to the bank account, usually the same day. In today’s reality, the money is picked up by a company and transported