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Episode 4: Meaningful Modernization Meaningful Modernization is coming very soon. Learn more about what these Nacha Rules changes mean for ACH Network …
The Credit Union and the App Helping Nonprofits Reap 100% of Donations with Electronic Bank Transfers
When SPIRE Credit Union set out to help local nonprofits in its Minnesota community, it wanted to make sure each group received as much as possible, without losing money to fees. The key to that success lies in an app built around donating by ACH, or …
… More Money Per Gift . Monthly gifts from congregants using electronic bank transfers are on average 55% higher than with other payment types. Make Gifting Easier . No more counting or carrying cash or checks. Instead, donations made by electronic bank …
There’s new evidence that businesses are rapidly abandoning checks in favor of ACH and other electronic payments. The 2022 Association for Financial Professionals (AFP) Digital Payments Survey , released Oct. 4, found that just 33% of business-to-business …
It isn’t every day that you see an increase of 1,140%. But when you look at some recent gains by Same Day ACH used for business-to-business (B2B) payments that’s exactly what happened. Back in the second quarter of 2019, Same Day ACH for B2B payments …
In more than 1,000 landings as a naval aviator, I never once made a gear-up landing. I didn’t take any chances: I used a checklist to prepare for every landing. The checklist was necessary not because lowering the landing gear is difficult to remember. It …
ACH Network Moves 7.6 Billion Payments in Third Quarter of 2022; Strong Growth Continues for Same Day ACH
HERNDON, Virginia, Oct. 25, 2022 – Steady growth continued for the ACH Network in the third quarter of 2022, with 7.6 billion payments processed valued at $19.2 trillion. Those are increases of 4.2% and 6%, respectively, from a year earlier. Same Day ACH …
A customer overpays by 22 cents, and you refund it by ACH. Is that a Micro-Entry? How about if a customer pays a 93-cent bill by ACH. Is that a Micro-Entry? Are these transactions subject to the new Nacha Micro-Entry Rule taking effect Sept. 16? “Not …