When money moves electronically between banks and credit unions, it could be zipping along thanks to a process known as an ACH transfer. The Automated Clearing House network plays a critical role in ...
Internet bill payments were the lone stars of electronic checks in the first quarter, a quarter that saw volumes on all other e-check applications either decline or barely rise from fourth-quarter ...
Checks currently account for almost half of business-to-business payments, but their share will decline to 34% by 2020 as automated clearing house payments surge from 32% of B2B payments today to 45% ...
Growth of automated clearing house transaction volume fell to single digits last year as the recession slowed payments activities and electronic check formats matured. The big banks that posted ...
ACH debit payments surpassed checks for the first time last year, according to a new Federal Reserve payments study. Total U.S. ACH debit transfers reached 16.6 billion in 2018, compared with 14.5 ...