The democratization of something is often used too loosely and in many industries and business practices. The democratization of shopping, renting, buying, traveling, and particularly finance. The over usage of this term does not apply to payments transfer over the past decade. With the advent of smartphones, better internet, and peer-to-peer payments are virtually real-time …
The Automated Clearing House or ACH network saw a dramatic rise in its quarterly volume. Nacha, the group that runs the ACH network, reports that the network saw 7.1 billion payments during the first quarter of 2021. The total equals about 2.7 billion payments per month. The quarterly report is an 11.2 percent increase over …
ACH Network Hits 2.7 Billion Monthly Payments In Record-Setting Quarter [2023 Update] Read More »
NACHA, the governing body that oversees the automated clearing house network, released figures from the first quarter of 2013 regarding transaction volume and overall traffic on the network. ACH is the system that links virtually all financial institutions in the US allowing banks and merchants the ability to convert paper checks to electronic form. POP, …
Q1 2013 NACHA Report Shows Decline of Paper Checks [2023 Update] Read More »