Real-time ACH payments feasible by 2016

Thursday 1 May 2014 13:10 CET | News

Market experts think that real-time ACH payments will become feasible in the US until 2016, according to a recent survey issued by ACI Worldwide, a provider of electronic payments and banking services.

According to the same survey, 70% of respondents believe real-time ACH payments will become norm within the next couple of years whereas 92%until 2019. More so, 86% believe that real-time ACH will add considerable value to businesses and corporate bank clients.

The Fed has issued a paper calling for the US to adopt a real-time payment system until 2024. As the ACI present survey highlights, the majority of industry professional respondents believe that real-time ACI payments are an impending necessity.

The survey of 120 financial industry professionals was conducted by ACI Worldwide at the annual NACHA Payments Conference in Orlando on April 7-8, 2014.

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Keywords: ACH, online payments, real-time, e-payments
Categories: Payments & Commerce
Countries: World
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