Experts Say Realtime ACH Payments Will Become a Reality Within Two Years

Billions of dollars are caught in non-real-time ACH money 
transfers across the globe every day, according to ACI.

In a recent survey of 120 financial industry professionals by ACI
 Worldwide, it revealed that market experts believe real-time ACH
 payments will become a reality in the U.S. within the next two years.

“When you look at payment innovation ranging from EMV to real-time,
single message payments, the U.S. has been playing catch-up to many
other developed markets,” said Matt Ellis, Senior Vice President, ACI
 Worldwide. “But as our data shows, the industry is positive that we are 
moving in the right direction and will see adoption quite quickly.”

In 2014, the Fed issued a paper
 calling for the U.S. to adopt a real-time payment system within the next 10 
years. However, the results of ACI’s latest survey show that the majority of 
industry professional respondents believe this vision can be 
achieved in far less time.

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