Search Results for: ach
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
Nacha Campaigns Take Aim at Money Mules and Tout Benefits of Direct Deposit
With money mule activity on the rise, Nacha, the governing body for the automated clearing house network, has released an infographic to educate consumers about unwittingly becoming money mules. Money mules help criminals launder money from online scams, fraud or crime, such as human and drug trafficking, unknowingly or knowingly. …
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