ACH Transaction Volume, Value Grow in 2016
Electronic ACH payment transaction volume grew by 5.3 percent in last year, reaching 25.6 billion transactions, according to a report...
Payments
Studies: Obama-Era Rules May Hinder Growth and Harm Competition
The first broad-scale academic assessment of new financial rules and standards put in place during the Obama presidency -- including...
Two Faces to a Cashless Future
Behind the hype for the ‘cashless society,’ bankers weigh the pros and cons of going without greenbacks.
Study: Small Merchants Value Service, Not Price, on Interchange
Small merchants place a higher value on the services they get when accessing the payments system than on paying a...
ABA to CFPB: Objective Definition of ‘Prepaid Account’ Is Necessary
Noting that numerous compliance challenges remain, ABA today welcomed the Consumer Financial Protection Bureau’s proposal to delay the implementation of...
CFPB: Credit Card Complaints Focus Most Often on Billing, Fraud
Billing disputes account for 17 percent of consumer complaints about credit cards, with identity theft and fraud concerns accounting for...
CFPB to Assess Effectiveness of Remittance Rule
The Consumer Financial Protection Bureau has released a plan to assess the effectiveness of its final rule governing remittance transfers.
Study: Mobile Pay Adoption Remains Low, but Incentives Motivate
While just 25 percent of U.S. consumers with an eligible smartphone are using mobile payments, according to a new survey...
Survey: Same-Day ACH Volume Higher Than Expected; No Increase in Fraud
Nine in 10 financial institutions say that their same-day ACH origination volume is about the same or higher than expected...
