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NACHA has released its Top 50 rankings of originators and receivers of ACH payments for 2018. The Top 50 originating financial institutions accounted for volume of more than 19.7 billion... more
The post The top 50 ACH receivers and originators by volume in 2018 appeared first on Payments Cards & Mobile.
In today’s on-demand world, we expect to be able to spend, move and receive money instantly. For this reason, real-time payments (RTP), also known as ‘faster payments’ or ‘instant payments’,... more
SARB, South Africa’s central bank has revealed astonishing results for a trial of its blockchain-based system for interbank clearance and settlement. According to a statement, SARB said it completed a 14-week... more
The post South Africa’s Central Bank says Blockchain payment trial successful appeared first on Payments Cards & Mobile.
The ACH Network processed 21.5 billion transactions valued at more than $46.8 trillion in 2017, representing increases of 5.7%and 6.9%, respectively, over 2016, according to new data released by NACHA—The Electronic Payments Association. It is the third year in a row in which the number of new ACH transactions increased by more than 1 billion, [...]
The post ACH Network volume and value in 2017 – More Than 1 billion payments added appeared first on Payments Cards & Mobile.
The Clearing House (TCH) has launched RTP, its real-time payments system, the first new core payments infrastructure in the US in more than 40 years. The new RTP system was designed and built through the collaborative effort of TCH’s 25 owner banks and meets the objectives of the Federal Reserve Faster Payments Task Force. RTP [...]