The long anticipated surge in mobile wallet usage seems to be underway, as more consumers are reaching for their phones instead of their wallets to make payments. The question is, which card is in the ‘top of wallet’ position? And how can they stay there? Contactless payments will exceed $1 trillion for the first time…
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Same Day ACH Transactions Total Nearly 41 Million Herndon, Va., July 25, 2018 – ACH debit and credit transactions totaled more than 5.7 billion in the second quarter of 2018, a 6.2 percent increase when compared to Q2 2017, according to NACHA—The Electronic Payments Association®. This percentage increase represents one of the highest growth rates…
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Years ago in a TV commercial for Wittnauer fine watches, a young woman approaches a jewelry counter and says, “I want a Wittnauer.” A dimwitted sales rep insists on showing her other items. She continues murmuring, “I want a Wittnauer.” He doesn’t catch on. Finally she shouts her request: “I want a Wittnauer!” Finally it sinks in,…
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Most financial institutions are already using different technologies to reduce costs and increase efficiency. The real payoff, however, may be in the revenue growth benefits, and the ways automation can improve the customer experience. As the banking industry is in the midst of massive digital transformation, organizations are increasingly using automation to improve efficiency and…
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