|
The American Economy Runs on ACH, Says Mercator Advisory Group White Paper
Friday, June 5, 2020
HERNDON, Va., May 28, 2020 /PRNewswire/ -- The ACH Network is woven into the daily payment activity of American consumers, businesses and government, says a Mercator Advisory Group white paper published today titled, "The Expanding Role of ACH in the Era of Faster Payments." The paper also highlights how - as payments become faster - ACH supports the future of the industry with Same Day ACH, while providing the money-movement infrastructure for many other payment products.
"The modern ACH Network has achieved new transaction volume records as the preferred payment type in a diversity of use cases," said Jane Larimer, Nacha President and CEO. "Even now, the ACH Network is operating normally and stands ready to serve America's people, its businesses and nonprofits, and the government."
The white paper, sponsored by Nacha, also highlights several key attributes of the ACH Network that position it for the next generation of payments, including its ubiquity and efficiency, the Same Day ACH capability, and Nacha's governance.
"The broad usage of ACH for consumer, small business, and large corporate payments, among others, fuels the staying power of ACH," said Sarah Grotta, the Director of Mercator's Debit and Alternative Products Advisory Service, and author of the white paper.
"ACH meets a variety of use cases in an established and mature market, even as Same Day ACH continues to take a leading role in the continuum of faster payments," Grotta said.
Mercator is hosting a complimentary webinar featuring Grotta and Michael Herd, Nacha's Senior Vice President of ACH Network Administration, on Thursday, June 4, at 1 p.m. EST to discuss the white paper's findings.
Register for the webinar here. Download the white paper here.
About Nacha
Nacha is a nonprofit organization that convenes hundreds of diverse organizations to enhance and enable ACH payments and financial data exchange within the U.S. and across geographies. Through the development of rules, standards, governance, education, advocacy, and in support of innovation, Nacha's efforts benefit all stakeholders. Nacha is the steward of the ACH Network, a payment system that universally connects all U.S. bank accounts and facilitates the movement of money and information. In 2019, 24.7 billion payments and nearly $56 trillion in value moved across the ACH Network. Nacha also leads groups focused on API standardization and B2B payment enablement. Visit Nacha.org for more information, and connect with us on LinkedIn, Twitter, Facebook and YouTube.
About Mercator
Mercator Advisory Group is the leading independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants, and associations to leading technology providers and investors. Advisory services include Credit, Debit and Alternative Products, Prepaid, Merchant Services, Commercial and Enterprise Payments, Emerging Technologies, and Global Payments practices, which provide research documents and advice. Primary Data services include the North American PaymentsInsights series, which report and analyze data collected in our bi-annual consumer surveys, as well as the annual Small Business PaymentsInsights and Buyer PaymentsInsights series. Consulting services enable clients to gain actionable insights, implement more effective strategies, and accelerate go-to-market plans; offerings include tailored project-based expertise, customized primary research, go-to-market collateral, market sizing, competitive intelligence, and payments industry training. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com. Visit www.mercatoradvisorygroup.com.
Contact:
Shanon Murray
Nacha
703-561-3932
smurray@Nacha.org
View original content to download multimedia:http://www.prnewswire.com/news-releases/the-american-economy-runs-on-ach-says-mercator-advisory-group-white-paper-301067254.html
SOURCE Nacha
|
|
|
|
|
|
 |
UTMB Health Selects Tendo's Data and Analytics Software | Apr 16, 2024
|
|
THE PALEY CENTER FOR MEDIA PARTNERS WITH NIELSEN TO PRESENT CONVERSATIONS WITH THE INTREPID LEADERS WHO ARE TRANSFORMING THE MEDIA, ENTERTAINMENT, AND TECHNOLOGY LANDSCAPES | Apr 16, 2024
|
|
LG AND ENERGY STAR HELP CONSUMERS MAKE THEIR ENERGY CHOICES COUNT THIS EARTH DAY | Apr 16, 2024
|
|
Dr. Aysun Alagoz Exposes Corrupt U.S. Healthcare Practice in Fearless Memoir - Sham Peer Reviews Ignore Due Process, Threaten Patient Safety, and Destroy Physician Careers | Apr 16, 2024
|
|
Shaw Air Force Base, 20th Fighter Wing Awards SBIR Phase III Contract to OpsLab | Apr 16, 2024
|
|
Spain Data Center Market Set to Reach $2.85 Billion by 2029: Exclusive Insights on Norway, Greece, and Spain Unveiled in Arizton Research Report | Apr 16, 2024
|
|
Contract Manufacturing Quality Agreement: Defining Governance in CDMO Partnerships, Upcoming Webinar Hosted by Xtalks | Apr 16, 2024
|
|
Navigate Placebo Response: Insights and Mitigation Strategies for Clinical Excellence, Upcoming Webinar Hosted by Xtalks | Apr 16, 2024
|
|
Admixer.HB+ Updates: Getting Ready for the Cookieless Era and UI Simplicity | Apr 16, 2024
|
|
Americase to Showcase Leading Li-Ion Battery Shipping and Storage Solutions at Data Center World 2024 | Apr 16, 2024
|
|
|
|
