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The United States’ Federal Reserve has issued an update to its Federal Reserve Payments Study (FRPS) on the US payments market to include findings from recent survey data. The findings... read more
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The Nacha Top 50 rankings of financial institution originators and receivers of ACH payments for 2019 are now available. Among originating financial institutions, the Top 50 handled ACH volume of... more
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Following four consecutive quarters of more than 5 billion electronic payments in each quarter – a first for the ACH Network – overall volume in 2016 amounted to 25.6 billion transactions, according to new statistics released by NACHA — The Electronic Payments Association. This represents an increase of 5.3% over 2015 volume, and is the [...]
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Germany has a new online payment method. Launched during the final quarter of 2015, paydirekt facilitates ACH-funded payments between consumers and merchants. Germany already has various alternative online payment types, such as Sofort, Giropay and RatePAY. This new, local proposition running on ACH rails is being seen as a strategic play by the private and [...]
The post German banks back paydirekt – a new online payment method appeared first on Payments Cards & Mobile.
While the outlook for real-time payments in the US market remains fragmented and uncertain for the time being, in Europe the pace of development and usage is quickening and real-time payments (or “instant payments”) is clearly a key strategic topic for today. Instant payment schemes for retail payments based on bank transfer are now present in around [...]