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Between inflation, market swings, crypto issues and more, the U.S. has weathered an uncertain economic situation in 2022. One bright spot: the modern ACH Network, which has continued growing despite some of the setbacks the economy has seen. Look at the …
Part Two. Read Part One . When you look at the costs for businesses to make and receive payments it can be a real eye-opener. A new report from the Association for Financial Professionals (AFP) highlights the disparities between the costs of ACH and check …
Teressa Frazier and her finance team had a routine. Immediately after worship service every Sunday at Victory Grace Center, they would walk around handing out envelopes containing pay checks to church staff and contractors. But that was before COVID-19 …
MIAMI BEACH, Fla. —Records are made to be broken, and that’s especially true when it comes to ACH. Both standard ACH and Same Day ACH are seeing tremendous growth. Where the latter is concerned, “About every three or four months we hit a new peak record,” …
Afinis Interoperability Standards membership organization, which focuses on the rapid delivery of APIs and other financial services standards across the U.S. and globally, welcomes two new member organizations: Credit Union Financial Exchange and Moov . …
Afinis Interoperability Standards released two APIs to assist financial institutions’ business clients with account ownership validation and with payment initiation. Afinis is a membership-based organization that focuses on the rapid delivery of APIs and …
Checks Still the Payment Method Most Susceptible to Fraud There’s encouraging news in the war on Business Email Compromise (BEC), though the numbers remain cause for concern. “Sixty-eight percent of organizations were targeted by BEC in 2021, eight …
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 …
Part One. Read Part Two . Evidence is mounting that businesses are increasingly moving to ACH payments and away from paper. The latest proof comes from the Association for Financial Professionals (AFP) in its 2022 Payments Cost Benchmarking Survey . The …