ACH Network Volume Growth for 2017 Q2

ACH Network Volume Growth for 2017 Q2

In Q2 2017, the ACH Network transferred 5.3 billion Direct Deposits and Direct Payments, up 5.8 percent over Q2 2016. In value, the Network moved $11.6 trillion, an increase of 7 percent over the second quarter of 2016. This quarter, native electronic payments grew 7.4 percent, while check-initiated payments continued its decline in use, decreasing 10.5 percent.

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2020 Faster Payment Systems Goal

2020 Faster Payment Systems Goal

In late July, a Federal Reserve task force asked to make faster payment solutions available for all consumers and businesses from the U.S. Financial System. Check out some of the latest updates from this request, below. The Federal Reserve Faster Payments Task Force issued a final report that recommended a framework for rules, standards and…

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Phase 2: Same Day ACH Moving Payments Faster

Phase 2: Same Day ACH Moving Payments Faster

Software Corporation International integrates specific FTM Applications, including FTM ACH Services. We support the processing of ACH transactions, including ingestion, validation, transaction management, and distribution. Check out this article regarding how new rules of Same Day ACH are being implemented to help businesses reach a faster processing environment!  New capabilities of Same Day ACH become…

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EFT or ACH or EDI – What's The Difference and Why It's Important

EFT or ACH or EDI – What’s The Difference and Why It’s Important

Software Corporation Inc. proudly provides solutions and services targeted for today’s payment systems marketplace, with understandings and insights to solve complex challenges. For almost 3 decades, SCI has consistently provided clients with the highest level of reliability in the realm of FTM integration and implementation. Check out this article to learn the key differences between ACH,…

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