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How Governments Navigate ACH Payments Innovation

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As Thorness explained, their embrace of ACH processing technologies is likely to have far-reaching impacts into how they send and receive payments with government suppliers, too, particularly as ACH innovation accelerates. 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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“On the government side, I feel they have been even more successful at implementing ACH, whether it be G2B or B2G payments,” than the private sector, he said. The technology automates check scanning and deposits, enabling businesses to seamlessly accept check payments and add that data into their back-end systems.

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

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It was in a convergence of these trends that Visa launched its real-time payments solution, Visa Direct , a technology enabling push payments onto recipients’ Visa cards. Yet, perhaps even more important will be the capability of these technologies to remain flexible, and respond to the use cases of the future.