According to a recent study by the Federal Reserve, 69% and 75% of consumer payers and consumer payees, respectively, prefer real-time or one-hour payment speed. This is one of the reasons why the financial industry has been working round-the-clock to make fund’s transfers simpler, more efficient, and faster. The Automated Clearing House (ACH) network is at the heart of these efforts as it’s the backbone for electronic payments in the country. These include debit and credit-card transactions, bank to bank transfers, ATM transactions, online lending, etc. By speeding up ACH transactions the needs of the financial industry will be met better. That’s […]
↧