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ACH Network moves 30 billion payments – $77 trillion in 2022
The modern ACH Network processed 30 billion payments valued at $76.7 trillion in 2022, increases of 3% and 5.6% respectively over 2021. “2022 marked the tenth consecutive year in which... read more
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Cheque use drops to all time low – Faster Payments picks up slack
Cheque usage continues to decline for business-to-business (B2B) payments in US and Canada (North America), falling to an all-time low of 33% since AFP (Association for Financial Professionals) began tracking this... read more
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What the staggered implementation of ISO 20022 means for financial services firms
November 2022 marks the point of migration for some of the top global payment infrastructures to ISO 20022, an international standard for exchanging electronic messages between financial institutions, covering cards,... read more
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Considerations for merchants looking to embrace faster, smarter B2B payments
B2B payments are continuing to evolve rapidly as merchants look to meet and exceed customer expectations. Today’s B2B businesses are recognising the pressing need to develop a future-ready and resilient... read more
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US Federal Reserve study shows dramatic changes to US payments market
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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