The Alliance for Secure and Accessible Payments promotes policies that empower consumers & small businesses with options to move money faster and affordably.
Thank you, @PeteSessions, for joining @RepYoungKim and @RepLiccardo in cosponsoring the PACE Act. It's time for a payments system that moves faster and more affordably for both small businesses and consumers.
Moving money in America shouldn't take days. Not for small businesses or consumers. The PACE Act gets us there. It's time for Congress to act. Learn more about the PACE Act ➡️https://t.co/70CSyyVGbe
Today's @financialcmte hearing on payments modernization made one thing clear: the rules governing payments haven't kept up with how Americans actually work and spend. Check out what @Stripe Vice Chair Eileen O'Mara had to say below… 🧵
▶️England. Japan. Canada. The EU. All offer non-banks direct access to payments infrastructure through a regulated approach. Watch @RepLiccardo highlight how the U.S. has fallen behind all other G7 countries on payments modernization.
🔴 LIVE this morning: @financialcmte examines the future of payments. 8,000+ Americans have already told Congress where they stand. Time to pass the #PACEAct. Watch: https://t.co/1itI8AGQ0X
Faster payments touch the whole budget: “bills, groceries, gas, and unforeseen emergencies,” as Deanna H. of Princeton, KY puts it. When money moves faster, families breathe easier. #PACEAct 👉 https://t.co/HwcqtkvK8l
Late fees pile up when your money’s stuck in limbo. “I could pay my bills on time and not have to pay any late fees,” says Ann M. of Ellijay, GA. Faster payments mean fewer penalties. The bipartisan #PACEAct gets us there. 👉 https://t.co/HwcqtkvK8l
Timing is everything. “Everything’s gotten so expensive I end up with only a few dollars after I pay my bills,” says Larry S. of Aurora, CO. Faster access to your own money helps you stay ahead… and the bipartisan #PACEAct can deliver it. 👉 https://t.co/HwcqtkvK8l
“Faster payments would reduce my anxiety greatly.” Barb K. of Zimmerman, MN is one of 8,000+ Americans who signed our petition. Waiting days for your own money is stressful… and costly. The bipartisan #PACEAct fixes that. 👉 https://t.co/HwcqtkvK8l
8,000+ Americans have already made their voices heard. As @financialcmte examines the future of payments, Congress has a ready-made, bipartisan fix. Add your name 👉 https://t.co/HwcqtkvK8l
NEW: More than 8,000 Americans have signed our petition calling on Congress to modernize how money moves. Ahead of this week’s @financialcmte hearing on the future of payments, momentum is building behind the bipartisan #PACEAct. Read more https://t.co/IwlfYw1fr8
The U.S. trails every other G7 country in digital payments, and most ACH transactions run through just two banks. More competition = faster settlement and lower costs for everyone. 🧵
Bags packed, tank full, road trip ready. The only thing still buffering is your money.
Summer moves fast, but payments still crawl through 1 to 3 business days of outdated rules.
The PACE Act lets your money keep up. Tell Congress to ACT NOW: https://t.co/HwcqtkvK8l
Small businesses are ready for the summer season, but every day a payment sits in processing is a day their cash flow is frozen.
This isn't a tech problem. The tools already exist. The bipartisan PACE Act updates the rules so money moves as fast as they do. Learn how: https://t.co/NVC7aDOjoa
That ice cream cone took less than a minute to make. The payment for it can take five days to clear. 🍦
Small businesses can't grow when their cash is stuck in processing. The PACE Act fixes the lag. Tell Congress to support it: https://t.co/HwcqtkvK8l