The Present and Future Payments Ecosystem
Financial institutions are leveraging technology to make payments faster, easier and safer.
Browsing: ACH
Fed Survey Finds Credit Card Use on the Rise
Credit card payments grew significantly in 2016, increasing 10.2 percent to total 37.3 billion, according to new data from the Federal Reserve today.
Fed’s 2018 Fees Expected to Rise 1.4 Percent
The Federal Reserve System’s 2018 fee schedules for priced services that go into effect Jan. 1 are expected to be 1.4 percent higher on average than in 2017, and the system projects that it will recover 100 percent of its priced services costs, the Fed said today.
Fed Survey: Noncash Payments Increase, Debit Most Popular with Consumers
Consumer noncash payments have increased significantly between 2000 and 2015, according to new data from the Federal Reserve today.
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 today from NACHA, the electronic payments association.
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 since the new faster payment protocol launched in September 2016.
A Preference for Plastic
By Monica C. Meinert t’s a fairly well-known fact that consumers in the U.S. are increasingly choosing to make cashless payments. Gallup reports that just under a quarter of people (24 percent) make some or all of their purchases with cash, down from 36 percent five years ago. As noncash payments continue to dominate—totaling almost