B2B is the largest segment of US payment volume. We expect US B2B payment value to grow 3.6% annually in 2024, led by ACH and cards.
Article
| Apr 29, 2024
The payments giant wants to convert more cash and check payments, ACH and electronic transactions, and global card transactions
Article
| Apr 25, 2024
Forecasts
| Aug 31, 2023
Source: EMARKETER Forecast
Cards, ACH, and FedNow will drive B2B payments growth. B2B is the largest segment of US payment volume. We expect US B2B payment value to grow 3.6% annually in 2024, led by ACH and cards. Click here to view our full forecast for US B2B payment transaction value. What’s happening? ACH payments are the big winner of B2B payments digitization.
Report
| Apr 26, 2024
In Q3 2023, Same Day ACH payments volume increased 20% YoY, while traditional ACH payments rose just 3%. Adoption spiked after the Same Day ACH transaction limit increased in March 2022. And demand for faster payments is exploding among SMBs eager to tap into cash flow benefits. ACH payments are still ahead of other payment methods in offering businesses enhanced data and easy AP and AR automation.
Report
| Feb 26, 2024
Eighty percent of all ACH payments now settle in one banking day, per Nacha. And Q3 2023 same-day ACH volume grew 20% YoY—almost seven times the rate of ACH transactions overall. The Clearing House’s Q4 2023 real-time payment value grew at an even faster rate—up 15% from the previous quarter. FedNow is sowing the seeds for instant payments growth.
Report
| Feb 23, 2024
It’s unique among automated clearing house (ACH) networks for offering 24/7 processing across a gamut of use cases and all major payment flows, from peer-to-peer to point-of-sale to B2B. And discounts that will carry into 2024 make its ultracompetitive transaction pricing even more enticing to merchants and businesses.
Report
| Jan 5, 2024
The Clearinghouse’s RTP Network and Nacha’s Same Day ACH network face steeper competition in Q3 from FedNow
Article
| Jul 26, 2023
Eighty percent of all ACH payments now settle in one banking day, per Nacha. And Q3 2023 same-day ACH volume grew 20% YoY—almost seven times the rate of ACH transactions overall. The Clearing House’s Q4 2023 real-time payment value grew at an even faster rate—up 15% from the previous quarter.
Article
| Mar 25, 2024
Chart
| Aug 1, 2023
Source: Insider Intelligence | eMarketer
Chart
| Feb 2, 2023
Source: Nacha
Minnesota is at home and store ACH and Pearson play for the Cowboys. And so there's a Minnesota Viking security guard on the sidelines who runs up and tries to kick Drew Pearson of the Cowboys. Oh my goodness. Whilst he's down. Wow. And Brian ddo of CBS was noting this in a piece that he wrote at the end of 2023 actually.
Audio
| May 9, 2024
Chart
| May 6, 2024
Source: Federal Reserve Banks
Right, you get whatever came through the ACH network or whatever. Yeah. Maria Elm:. Exactly. Yeah, yeah. So this is just like putting it in human terms so you can actually recognize the business that you transacted. Rob Rubin:. Right, your mortgage payment. Maria Elm:. Yeah. Rob Rubin:. Like that kind of thing? Maria Elm:. Yeah.
Audio
| Mar 5, 2024
Their popularity owes in part to lower costs: The average ACH transaction can cost payees between 0.5% and 1.5%, versus as high as 2.5% for card transactions. Limited merchant acceptance limits ACH networks’ share of retail payments. But this will likely change as they get faster, safer, and more accessible.
Report
| Feb 28, 2023
B2B, healthcare, P2P, and internet payments have propelled ACH growth across speeds. But rising interest in implementation of real-time payments could help broaden the use cases for ACH transfers. That will accelerate the growth of a key ACH growth driver: Same Day ACH grew transaction value by 102.7% and volume by 23.5% year over year in Q3 2022, Nacha reported.
Report
| Feb 28, 2023
ACH, Cards, and BNPL Drive Digitization. Cash and check will keep ceding share as digital payment providers swoop in to capture growth. Digital B2B payments can cut transaction times, streamline reporting and accounting, and reduce fraud. This is driving demand for digital. Two methods will capture most gains in 2023:. ACH payments will benefit from real-time offerings.
Report
| Feb 28, 2023
ACH payments’ B2B transaction value will near parity with checks and cash in 2022, per our forecast. Their lower transaction costs encourage SMBs to digitize payments, which in turn makes automating simpler and more accessible: Bill.com touts its flat-rate transaction pricing for ACH payments, charging $0.49 per payment versus $1.69 per check.
Report
| Mar 17, 2022
In fiscal year 2021, Visa Direct facilitated payments on:. 16 card networks. 66 ACH schemes. 7 RTP networks. 5 gateways. Mastercard Send and Cross-Border Services are aiming for a $32 trillion opportunity. Together they target P2P payments, remittances, refunds, payouts, and other payments, reaching:. 10 card networks. 69 ACH schemes. 17 mobile wallets. 3 payment gateways. 40 RTP markets.
Report
| Nov 23, 2022
Regular Transfer transactions use the Automatic Clearing House (ACH), which typically takes two to three days. While customers can pay a fee for same-day or next-day ACH transactions, the integration with RTP enables 24/7 real-time payments at a lower cost. Why this can work: Real-time transactions can streamline the payments process, improve business cash flow, and reduce fraud.
Article
| Apr 13, 2023
Payments: Mastercard has various open-banking partnerships to facilitate account-to-account (A2A) payments, like a tie-up with JPMorgan Payments for the ACH solution Pay-by-Bank. And Mastercard-owned Aiia teamed up with Paytrail to power more than 1 million open banking payments a month as of last July. Account opening: Mastercard launched API-based Open Banking for Account Opening in the US in May.
Article
| Jun 7, 2023
The new features include demand deposit accounts, direct deposit with up to two days early pay, ACH with Plaid integration, cash loads and fee-free ATMs, with bill pay and instant funding capabilities entering beta testing next year. The service will operate via 40 banking-related APIs to allow customers to customize the banking services they wish to use. The platform is available in 40 countries.
Article
| Oct 26, 2022
Of late, some fintechs have been diversifying their revenue sources beyond interchange and fees from debit cards and ACH transfers. The most prominent recent example is UK neobank Starling’s pivot toward banking as a service solutions.
Article
| Jul 25, 2022
Loan payments made via ACH could reduce costs and payment disruptions for providers. Providers’ payment processing costs for ACH are lower than those for debit or credit cards. And unlike cards on file, bank accounts don’t expire or get lost, reducing the possibility that payments are interrupted. See the interactive Payments demand chart in the Appendix. No. 5: Financial Wellness.
Report
| Oct 11, 2022
Small businesses can make payments with their cards or Automated Clearing House (ACH) payments through the platform. Melio then transmits the payments to vendors through either a paper check or direct deposit. Vendors don’t have to make an account to receive payments with Melio.
Article
| Jul 13, 2022