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Clover’s Hot Streak for Fiserv; Same-Day ACH Volume Boost; MPC’s New CCCA Ad
Search Results for: ACH
Same-Day ACH Volume Maintains Growth Pace
Same-day ACH transactions helped fuel a strong first quarter for the automated clearinghouse network. Nacha, the governing body for the automated clearing house network, reported early Tuesday that same-day ACH transactions totaled 273.7 million during the quarter, a 47% increase from the same period a year ago. The dollar value …
Read More »19 Years On, Interchange Settlement Reached; AI-Grocery Shopping Carts; Breeze Taps Barclays
Digital Wallet Adoption Still Lags; Top 50 ACH Volume up 5.7%; Plus Weekly Recap
Volume for the Top 50 ACH Banks And Credit Unions Increases 5.7% in 2023
The top 50 originating financial institutions on the automated clearing house network hit nearly 27.7 billion in payments in 2023, a 5.7% increase over 2022, Nacha says. Volume for the top 50 receiving FIs was almost 20 billion payments in 2023, a 6.4% increase from 2022. Herndon, Va.-based Nacha says …
Read More »Mastercard’s First-Party Fraud Tack; Nacha Targets Credit Push Fraud; Galileo Expands Its BNPL Program
New Nacha Rules Take Aim At Credit Push Fraud, Handing a Clearer Role to Receivers
Nacha, the governing body for the automated clearing house network, has approved a new set of rules aimed at curbing the growing threat of credit-push fraud. Credit-push fraud uses social engineering and email phishing attacks to deceive someone into sending funds to a criminal-controlled account. Common examples of credit-push fraud …
Read More »Mastercard Eases Subscription Management; Priority’s Record Earnings; TCH’s ACH Volume up 8%
TCH’s ACH Volume up 8% And Other Digital Transactions News briefs from 3/12/24
The Clearing House Payments Co. LLC’s automated clearing house network, EPN, reported volume of more than 19 billion transactions for 2023, up 8%, with a total value of $52.4 trillion. Taulia, which provides technology to manage working capital, said it will incorporate into its Taulia Virtual Cards digital payments technology from Visa …
Read More »Nacha Wants to Help Thwart Money Mule Activity; NCRVoyix’s Platform Growth; Plus Weekly Recap
