The first U.S. P2P payment network created by banks
Equally owned by Bank of America, Chase, and Wells Fargo
Formed May 2011
Lets customers of member banks send and receive P2P payments from their current online or mobile banking service
Lets customers of non-member banks receive P2P payments directly to their own bank accounts after a simple one-time signup through this site.
Real funny!
Heh, wasn't trying to be. Though ACH networks are a joke as far as the risk you take due to reversals and fraud, so I can understand why hardly any exchanges accept them (even BitFloor stopped accepting PopMoney not too long ago).
But Dwolla is not much better and there are a few exchanges that take Dwolla yet.