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Plans to broaden access to the U.S. payments infrastructure could strip banks of their historical role as intermediaries in thousands of transactions, and with that, make certain features of their compliance programs obsolete, analysts told ACAMS moneylaundering.com. Non-bank financial services companies that rely on mainstream lenders with master accounts to clear and settle payments for them via FedNow, Fedwire Funds Service or the Automated Clearing House may soon have the ability to access those systems independently, through what Federal Reserve Gov. Chris Waller has called "limited payment accounts." Unlike applicants who want "all the bells and whistles of a full-fledged...