The digital payments initiative clearXchange is run by three banks that make up more than 50% of the online banking market in the U.S., but it still has a lot of work cut out for it.

"It's a great start but we're not all the way there," says Mike Kennedy, a clearXchange co-founder who is now its CEO.  "We are in discussion with multiple banks about joining clearXchange. One thing about having me on board [full time] is to take the company beyond the three [current members]…We want to make sure we have a ubiquitous network where our customers can send and receive money easily."

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