NACHA Partners To Create API Developer Community
NACHA, the Electronic Payments Association’s API Standardization Industry Group (ASIG), and Accenture announced Wednesday they are joining forces to create a community of API resources.
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Same Day ACH Drove $87.1B Across 75M Transactions In 2017
ACHA, the electronic payment association, announced news on Thursday (Jan. 11) that same-day ACH debit and credit transactions hit 15.2 million in December, marking a 51 percent month-over-month increase.
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The Data Behind B2B Payments’ API Excitement
From market pressures in the U.S. that have encouraged data sharing between banks and FinTechs to regulations in the U.K. and EU like Open Banking and PSD2 that require such cooperation, APIs are emerging as an essential piece of the equation for payments innovation.
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NACHA Expects ACH Transactions To Rise
According to a NACHA survey, 82 percent of financial institutions surveyed anticipate that Same Day ACH debit volume will grow at a rapid or steady rate. A similar number of institutions — 78 percent — expect credit volume will grow at a steady rate over the next six to nine months.
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