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clearXchange Review

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Excellent

Revainrating 5 out of 5  
Rating 
5.0
Payment Systems

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Description of clearXchange

clearXchange is a digital payments network that facilitates P2P, B2C, and G2C transactions for its member banks. It allows people and businesses to securely send money to anyone or receive money from anyone with a U.S. bank account. The digital payments provider works through mobile banking apps from Bank of America, Capital One, Chase, First Bank,US Bank, and Wells Fargo. The network also provides the information its member banks need in order to complete the transactions without any involvement in actual transferring of funds. Launched in 2011, clearXchange enables its users to benefit from bank-level security and privacy through its network.

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Type of review

Revainrating 5 out of 5

Review on clearXchange

Created in 2011 is clearXchange which is founded in US. The purpose of it's Creation was to make a system that will be more reliable than a Blockchain and this clearXchange allows instant transactions to be made between customers belonging to the largest Banks in the US Its payment method is so versatile such that it can be used using just the mobile number or the name of the receipts. It's system is new promising and i think in the nearest future it has a potential of being adopted…

Pros
  • They provide fast transactions between customers
  • They Make payment easy without stress
  • Secure system and takes privacy of customers into high consideration
  • It's network simplifies P2P, B2C and G2C payment transactions
Cons
  • No negative comment to say

Revainrating 5 out of 5

Review on clearXchange

You've probably heard that the largest banks in America wanted to create a system that would be much more efficient than blockchain. They called this system clearXchange, which appeared in 2011 but only now started to work more better. This network allows in a simplified version to conduct instant transactions of funds between clients of the network of the largest US banks. This network makes instant payments with only your phone number or recipient's name. The system has its own customer…

Pros
  • instant transactions of funds between clients of the network of the largest US banks
  • makes instant payments with only your phone number or recipient's name.
  • simplify the process of transferring funds.
Cons
  • Nothing to add

Revainrating 5 out of 5

clearXchange

Did you hear about a digital payments network which simplifies P2P, B2C and G2C transactions for its member banks. This is which was launched in 2011. ANd it is online version of Zelle used to receive payments from companies and government agencies directly into your bank account. In my opinion it’s a great idea to allow people and businesses to safely send money to anyone or receive money from anyone with a US bank account. For carrying out any procedures, you can use applications such as…

Pros
  • a digital payments network which simplifies P2P, B2C and G2C transactions
  • allow people and businesses to safely send money to anyone
  • receive money from anyone with a US bank account
  • all their members benefit from bank-level security and privacy through its network
Cons
  • Nothing to add