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ACH Network Processed 21.5B Transactions in 2017

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2017 marks another significant achievement in the evolution of the ACH Network, as transaction volume was exceptionally strong and Same Day ACH was made fully available,” said NACHA Chief Operating Officer and General Counsel Jane Larimer. billion “on-us” ACH transactions, which are not processed by ACH Network operators.

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P2P Payments Set The Stage For B2B RTP

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The rollout of Same Day ACH several years ago served to kick-start the process.”. When asked what other use cases might be considered low-hanging fruit for RTP, she said instant insurance claims payments and retail returns are within the immediate grasp of business payment adoption.

RTP 78
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The State Of Faster Payments: ‘Early Innings’

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Stateside, more recently, the Federal Reserve has thrown its hat in the ring, seeking commentary over real-time payments, with support already from Google and Amazon , as documented in this space. Even if you take faster payments out of the equation, there are a number of rails,” he said.

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Past Lessons May Prove Invaluable For US Real-Time Payments Rollout

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One of the largest concerns regarding real-time payments is for the banks to be able to identify and mitigate a fraudulent transaction that is settled far more quickly than even same-day ACH payments today. This is something that the cards world solved a long time ago,” Hay said. I think the U.S.