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Data Dive: Dust-Ups, Hiccups And POS Attacks Edition

PYMNTS

Over P2P payments, security at the gas station point of sale (POS) and even over direct deposits, there were a lot of moving parts last week that apparently had some issues moving in tandem. The specific issue in this case seems to be a security concern that prevented Plaid from accessing end-user data, such as routing information.

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What Is an ACH Payment Facilitator?

Stax

Unlike payments facilitated by card networks like Visa or Mastercard, ACH payments are managed by a body called the National Automated Clearing House Association (NACHA). In Q3 of 2023, the total volume of payouts on ACH networks reached 7.8 Q: What does an ACH payment facilitator do?

ACH