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.
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.
Small merchants place a higher value on the services they get when accessing the payments system than on paying a low interchange rate, according to a recent survey.
The Consumer Financial Protection Bureau has released a plan to assess the effectiveness of its final rule governing remittance transfers.
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.
New credit card accounts rose 10.7 percent year-on-year in the third quarter of 2016 to total 87.3 million, according to the latest edition of ABA’s Credit Card Market Monitor released today.
The Federal Reserve today released a status update on its “faster payments” initiative, reporting progress on five key strategies: stakeholder engagement, faster payments, payment security, payment efficiency and enhanced Fed services.
More than 144 billion noncash payments — those made with debit or credit cards, ACH and checks — were made in the U.S. between 2012 and 2015, totaling nearly $178 trillion, the Federal Reserve reported today in its triennial payments study.
Visa and MasterCard yesterday pushed back the date when liability for fraudulent transactions at gas pumps shifts to the party not equipped with EMV chip technology.
Income is a significant factor in determining whether or not consumers use traditional banking and payment services, according to a recent study by researchers at the Federal Reserve Bank of Boston.