"10 I want to share with you some of the analysis—viewed through the prism of our public policy goals of accessibility, safety, and efficiency—that we considered in making today's decision. Accessibility means serving more than 10,000 banks of varying sizes and missions that are in communities all around the country.
It turns out no single private-sector provider of any U.S. payment system has ever achieved nationwide reach on its own, whether it be checks, ACH, cards, or wire transfers. Acting alone, a single private-sector RTGS service will face significant challenges in establishing an accessible infrastructure for faster payments with nationwide reach.