article thumbnail

US Finds Its Faster Payments Future

PYMNTS

Same Day ACH, the faster payments initiative for banks and other financial institutions in the United States, seems to be popular. still has a long way to go and plenty of faster payment lessons to learn. According to NACHA, the network processed nearly $5 billion in 3.8 But the U.S.

article thumbnail

Does The U.S. Faster Payment System Need A Federal Mandate?

PYMNTS

The value of the faster payments market is immense, as outlined by the first of two reports issued by the Task Force earlier this year. ACH payments were valued at $145.3 trillion and check payments were worth $26.8 payment system’s speed, efficiency and security.