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Will Consumers Accept Open Banking? A Global Perspective
NEW ORLEANS —Open banking has a lot of moving parts, but at the end of the day it might well come down to two words: consumer acceptance.  “In the U.S. it does seem that consumers are willing to engage in open banking to initiate payments, to link a bank …
Fighting Fraud Across the Globe: What Other Countries are Doing
NEW ORLEANS —If ever there was a case where misery loves company, it’s fraud. “Fraud is a global issue. I think we all know it’s not just a domestic one in payments,” said Jane Larimer, Nacha President and CEO.  “I know that if I asked payments …
Corporate ACH Origination: A Growth Opportunity for Financial Institutions of All Sizes
In today’s dynamic payments environment, in which payment mechanisms continue to evolve and the need for robust banking solutions is paramount, the importance of having a solid business banking program continues to be a priority for many financial …
ACH Usage by Businesses Grew in 2024, Fed Study Shows
The number of businesses using both standard and Same Day ACH grew significantly from 2023 to 2024, a new Federal Reserve report found. The Federal Reserve Financial Services’ 2024 Business Payments Study asked businesses about the methods they used to …
ACH Operators: Competitors and Partners Working Well Together
NEW ORLEANS —You wouldn’t find Pepsi working with Coke, but when it comes to the two ACH Operators, it’s a very different story. “It’s always interesting to have your only competitor be also your biggest partner,” said Jason Carone, Senior Vice President, …
Moving Small Business from Checks to ACH Proves an Uphill Climb
NEW ORLEANS —A mom-and-pop restaurant is way different from a neighborhood lawn care company, which has little in common with the one-person consulting firm. Yet as Peter Tapling notes, “We tend to paint small business with a broad brush,” no matter how …
Could AI Be a Weapon in the War on Fraud?
NEW ORLEANS —For all the talk that artificial intelligence will lead to more payments fraud, maybe it’s just the opposite.  “I believe AI is going to help mitigate fraud versus being an advocate for some nefarious fraudster out there that’s going to start …
Are the ACH Systems at Your FI Resilient to Today’s Threats?
NEW ORLEANS —Jordan Bennett was working at the Federal Reserve when Hurricane Katrina slammed the Gulf Coast, and he remembers banks needing their ACH files as lines of communication were cut.  “We had to figure out on the fly how we were going to do it. …
Financial Institutions Need to Pay Attention to Cryptocurrency
Cryptocurrency has evolved from a niche digital asset years ago into a disruptive force in financial services today. In its earliest days, it was seen as a speculative investment; it now plays an emerging role in payments, banking and global finance. …