Retailers have invested billions in their supply chain and workforce in recent years to meet the needs of modern consumers. Today, a growing number of leading retailers offer omnichannel options that allow consumers to shop with a click and pick up or have their items delivered to their by the end of the day.
Unfortunately, our financial service system hasn’t kept pace. The accompanying financial transaction to these purchases can take up to 72 hours to clear. And the real harm falls on lower-income families who are often waiting a week to two weeks for their household funds, living paycheck to paycheck.