Browsing: ACH

Newsbytes

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.

Payments

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