ACH Transaction Volume, Value Grow in 2016

ACH Transaction Volume, Value Grew in 2016

Electronic ACH payment transaction volume grew by 5.3 percent in last year, reaching 25.6 billion transactions, according to a report from NACHA, the electronic payments association. The total transaction value was $43.7 trillion in 2016, a 5.1 percent increase over the year prior. Nearly all ACH transactions (94.3 percent) were originated by the top 50 originating depository institutions, while 58.2 percent of all transactions were received by the top 50 receiving depository institutions.

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SCI Attends IBM’s 2017 Payments Forum in the UK

SCI Attends IBM’s 2017 Payments Forum in the UK

Software Corporation International (SCI) attended IBM’s 2017 Payments Forum May 23-24 in London, United Kingdom. This is the 4th year that SCI has participated in the conference, which attracts financial institutions and IBM Business Partners from North America and Europe. This forum included sessions and presentations on the Payments industry, thought leadership, and modernization strategies, and it provided opportunities for attendees to listen to the experiences of their peers and exchange ideas.

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ACH Fraud Top Trends

ACH Fraud Top Trends

There will be 25 billion ACH transactions occurring annually by 2010, estimates NACHA, the electronics payment association. Many of these transactions will be check conversions at merchants, including Wal-Mart, Target and large supermarket chains.

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Global Banking is a Growing Threat

Global Banking Targeted in Cybercrime

Global Banking has become a recent target of the growing threat of cybercrime! Criminals who are managing to hack into numerous of banks security system are growing at a fast pace. During the first weekend in February this year, Bangladesh Bank became the victim of one of the biggest cyber-heists of all time.

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Financial Transaction Manager From IBM

Financial Transaction Manager From IBM

Learn more about Financial Transaction Manager from IBM and see the features it provides by providing financial institutions a single platform for payment processing. Financial Transaction Manager integrates, orchestrates and monitors financial transactions. It delivers consistent processing across multiple payment types, enabling banks and financial institutions to converge their payment operations onto a single platform.…

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