Experts Say Realtime ACH Payments Will Become a Reality Within Two Years
Billions of dollars are caught in non-real-time ACH money
transfers across the globe every day, according to ACI.
In a recent survey of 120 financial industry professionals by ACI
Worldwide, it revealed that market experts believe real-time ACH
payments will become a reality in the U.S. within the next two years.
“When you look at payment innovation ranging from EMV to real-time,
single message payments, the U.S. has been playing catch-up to many
other developed markets,” said Matt Ellis, Senior Vice President, ACI
Worldwide. “But as our data shows, the industry is positive that we are
moving in the right direction and will see adoption quite quickly.”
In 2014, the Fed issued a paper
calling for the U.S. to adopt a real-time payment system within the next 10
years. However, the results of ACI’s latest survey show that the majority of
industry professional respondents believe this vision can be
achieved in far less time.
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