PYMNTS-MonitorEdge-May-2024

ACH

An automated clearing house is a computer-based electronic network for processing transactions, usually domestic low value payments, between participating financial institutions. It may support both credit transfers and direct debits.

Even as New Biz Payments Choices Emerge, ACH Still Leads the Pack
Even as New Biz Payments Choices Emerge, ACH Still Leads the Pack
May 19, 2022  |  B2B Payments

Among the payment methods that have become more frequently used due to digitization, automated clearing house (ACH) transfers lead the pack.  Sixty-four percent of chief...

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Higher Dollar Limit, Swelling B2B Payments Support ACH Network’s Q1 Growth
Higher Dollar Limit, Swelling B2B Payments Support ACH Network’s Q1 Growth
May 12, 2022  |  B2B Payments

The ACH Network experienced overall growth in the first quarter of 2022, in large part thanks to B2B payments and an increase in the Same...

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Veem Adds Enhanced Card Options and Faster ACH
Veem Adds Enhanced Card Options and Faster ACH
May 02, 2022  |  B2B Payments

Business payment service provider Veem on Monday (May 2) debuted enhanced card options and faster ACH, among other new functionalities, to give small businesses increased...

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$1M RTP Limit Will Improve Supply Chains as B2B Moves Beyond Paper Checks, ACH
$1M RTP Limit Will Improve Supply Chains as B2B Moves Beyond Paper Checks, ACH
April 08, 2022  |  B2B Payments

The transition from paper check to electronic payments would seem a logical leap for B2B payments, mirroring the growth happening in consumer-facing commerce. As James...

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The Rise of ACH Payments During COVID
The Rise of ACH Payments During COVID
March 18, 2022  |  Faster Payments

ACH (automated clearinghouse) transactions have been on the rise during the COVID-19 pandemic as businesses began moving to electronic payment adoption. Recent reports show the...

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Bank of America Introduces ACH Positive Pay on Its CashPro App
Bank of America Introduces ACH Positive Pay on Its CashPro App
March 10, 2022  |  Banking

With business clients from Bank of America using mobile devices to manage their treasuries and payments more often, the bank is rolling out its new...

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The Rhode Island Department of Business Regulation on Using ACH Transactions to Unlock Seamless, Secure Payments
The Rhode Island Department of Business Regulation on Using ACH Transactions to Unlock Seamless, Secure...
March 10, 2022  |  Faster Payments

Government bureaucracy and paper checks may have a long history together, but ACH is making inroads as a fast, reliable and paper-free alternative. In the...

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Average Marketplace Seller Waits 3.3 Days to Get Paid
Average Marketplace Seller Waits 3.3 Days to Get Paid
March 07, 2022  |  B2B Payments

Many small sellers rely on digital marketplaces to stay afloat. Still, they face an ongoing challenge when it comes to promptly receiving the sales proceeds...

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ACH Volume on The Clearing House’s EPN Outpaced Industry in 2021
ACH Volume on The Clearing House’s EPN Outpaced Industry in 2021
March 07, 2022  |  Payment Methods

The number of transactions on the electronic payments network (EPN), the automated clearing house (ACH) for electronic funds transfers (EFT), increased by 9.6% last year,...

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