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Payments industry consultant, Todd Ablowitz of Double Diamond Group is quoted in this extensive subscription-based article that highlights the pros and cons of mobile payments using the automated clearinghouse system. Ablowitz is quoted as saying it is not always easy for a consumer to “enroll in a payment plan that involves linking to a checking account, like an ACH-based payment. Most consumers do not carry around checks or account information. Plus, once they do set up an account and begin making purchases, they don’t get any instant gratification because the payment takes so long.”

PaymentsSource, October 15, 2010