My bank is coming out with a new electronic payment program this year. If you are signed up with online banking you will be able to send and receive payments to and from other people's bank accounts. No fees other than if they charge you for online banking, which my bank doesn't. There's a name for this new program which escapes me now. Essentially an ACH payment between banks. Might make this MO business ( and some other forms of payment) obsolete. Obviously there must be an element of trust between sender and recipient because you have to exchange account information.
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