ACH Blog

Posted by NationalACH on Jan 13, 2010

FBI Reports Thefts The FBI has released findings from its investigation on how cybercriminals are stealing money from the bank accounts of small-mid sized US companies.The thieves then initiate a series of unauthorized bank transfers out of the company's online account in less than $10,000 to..

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Posted by NationalACH on Jan 09, 2010

Research firm Celent predicts savings of $11 billion can be achieved through automation of health-care payment processing. Much of medical payment processing is still paper based. Sorting, reconciling, verifying, posting, and handling paper payment processing payments costs about $22 billion a year..

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Posted by NationalACH on Jan 09, 2010

According to a new study with Qwest Communications, Fiserv and Aspen Analytics , electronic billing clearly benefits that bottom line. By analyzing the customer bill paymentHabits of more than 8 million people over an 18-month time period, the study revealed that how customers receive and pay bills..

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Posted by NationalACH on Dec 21, 2009

The Federal Deposit Insurance Corporation released findings from its National Survey of Unbanked and Underbanked Households. According to the study, more than 25%of all US households are unbanked or underbanked. Most of those households are low-income and/or minority.Unbanked households do not have..

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Posted by NationalACH on Nov 25, 2009

The economic downturn continues to affect the merchant account payment processing business. Payment processors and card issuers make the most money on when consumers use credit cards to pay for purchases. Debit cards are somewhat less profitable. And, of course, no money is made when consumers pay..

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Posted by NationalACH on Nov 04, 2009

Research on payment processing was recently released from Goldman Sachs. The investment bank expects growth from sources other than credit cards to power growth of electronic payments to 42.3% of worldwide personal consumption expenditures in 2012, up from 35% this year.Growth in credit card..

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