Check out this highlight reel from the NACHA Payments 2017 conference that Software Corporation International attended at the end of April! PAYMENTS 2017 marked an important milestone in how those who are driving and adopting innovative payments solutions and practices share information to create common goals that unite progress with clarity of purpose.
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New statistics from NACHA-The Electronic Payments Association show that ACH transaction volume in 2015 grew to more than 24 billion electronic payments, an increase of 1.3 billion payments (5.6 percent) over 2014 volume.
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The data lake can be considered the consolidation point for all of the data which is of value for use across different aspects of the enterprise. There is a significant range of the different types of potential data repositories that are likely to be part of a typical data lake.
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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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