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.
Today’s customers can be disappointed after just one click, making the customer experience more complex — and more important — than ever. Changes that come from digital customer experience impact not only customers, but also companies’ strategies, processes, operations, and employees.
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.
Software Corporation International (SCI) attended the IBM User Group Meeting for Financial Transaction Manager (FTM) on May 18th and 19th in Durham, NC. This meeting, held at the IBM Software Executive Briefing Center, drew over 50 participants, including representatives from North American financial institutions and from IBM Premier Business Partners.
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.
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.
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.…
Software Corporation International is IBM’s recommended services provider for Financial Transaction Manager (FTM) applications, including Financial Transaction Manager for Check (FTM4C), Financial Manager for ACH Services, and more. We have enjoyed a strong and mutually beneficial relationship with IBM, our Partner in Payments, for over twenty-five years.
Software Corporation International (SCI) is a leader in FTM solutions and integration. Companies around the world turn to SCI for FTM payment systems expertise. Transactions that used to take hours must happen is seconds. IBM Financial Transaction Manager is not only a solution for a financial institutions but it is the roadmap to success and growth in this digital era.
Software Corporation International has an exciting announcement! Our brand new website is launched and LIVE, just in time for the NACHA Payments 2017 Conference in Austin, TX! That’s right, you can head over to Softwarecorporation.com right now to explore our newly designed and interactive website! This is a massive step forward for Software Corporation Inc. as…