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How Governments Navigate ACH Payments Innovation

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As local- and state-level government entities continue to run, it’s not business as usual for the public sector — particularly in the way these entities make and receive payments. As a result, it’s placing greater pressure on government entities to digitize payment acceptance capabilities.

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Innovation Eases The Friction Of Global Payment Rails

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With in-person payments for fines and fees no longer possible, government entities at the local and state levels are seeing a surge in ACH volume, according to Jeff Thorness, president of Forte Payment Systems, a CSG company. ACH transaction data standardization will also be important for reconciliation and reporting, said Thorness.

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Europe Ramps Up eInvoice Efforts

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Latin America is the world’s leader in government electronic invoice mandates, as jurisdictions there address issues like invoice fraud and a lack of transparency in government procurement — efforts that proponents of these mandates say can positively influence the private sector.

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Visa’s Bill Sheley On What’s Next For Push Payments

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” In Visa’s efforts to cover “99 percent-plus of banks, consumers and small businesses,” Sheley said, those partnerships will continue to be an important piece of Visa Direct’s adoption efforts. “Domestically, you may have at least a little bit of commonality,” said Sheley.