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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 …
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 …
The Payments Innovation Alliance, along with Nacha and the Payments Associations, are on track to launch the first Faster Payments Professional Certificate in 2022. The FPP will allow payments professionals to demonstrate proficiency in the field of …
Just because it’s summer doesn’t mean everything moves at a slower pace. Certainly not Same Day ACH, which set a record in July. It’s the first month in which Same Day ACH payment volume averaged more than 1 million payments per day. With 21 processing …
Direct Deposit is one of those things that’s easy to take for granted. Yet, like clockwork, it delivers employees' salaries each payday, as well as Social Security and veterans’ benefits. In fact, a 2022 American Payroll Association survey of some 29,000 …
Top Ways the ACH Network Can Help Consumers, Businesses and Government During the National Emergency
During the current national emergency, the ACH Network is operating normally to process payments for consumers, businesses, and government agencies. There are many impacts to daily life and business operations due to the practice of social distancing and …
With paper check use declining and electronic payment methods on the rise, the ACH Network has grown tremendously in recent years. A recent PaymentsJournal podcast unpacked how this growth continued into 2020, even as the pandemic disrupted regular …
May has a lot going on, what with Mother’s Day, the NHL playoffs, and Memorial Day. May is also Direct Deposit Month, and while not as beloved as mom, it’s important in its own right. Most Americans know Direct Deposit as the best way to get paid. Your …
As a general rule, faster is better. After all, who doesn’t like less traffic, or a plane that lands early? By the same token, who wouldn’t want to get their money quicker? That’s why there’s a lot to like about the new rule making ACH credits available …