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Same Day ACH Credits Were Introduced Last Year and This Year, Same Day ACH Debits Take Center Stage(October 05, 2017)
Boston. MA (PRWEB) October 05, 2017
With both same-day ACH credits and, since September 15, 2917, same-day ACH debits available in the marketplace, this faster form of ACH is finding applicable use cases in both business and consumer applications according to a new research report by Mercator Advisory Group.
The National Automated Clearing House Association (NACHA), the governing body for ACH, has from time to time rolled out new features to broaden ACH's appeal across channels, most recently faster, same-day transaction processing services. Mercator Advisory Group's latest research report, Same-Day ACH: Debit's Debut, examines the impact that Same Day ACH (SDA) is having on the payments market.
ďACH, a stalwart among payment types, has again created greater utility by adding a new feature, namely faster transaction processing options. How Same Day ACH fits in among other types of more rapid payment options and how relative market pricing evolves will be critical to users and providers," commented Sarah Grotta, Director, Debit Advisory Service at Mercator Advisory Group, author of the report.
Highlights of the report include:
- A review the initial results of the launch of same-day credits, rolled out last year
- Discussion of the most common use cases that have emerged from the introduction of SDA credits
- Prediction of the likely uses of ACH debits, made available on September 15, 2017
- Analysis of the impact SDA may have on other legacy payment methods, including wire transfers
- Consideration of the fraud concerns inherent with SDA
- Conclusions regarding SDA's impact on real-time payment initiatives
This report has 13 pages and 3 exhibits.
Members of Mercator Advisory Group's Debit Advisory Service have access to these reports as well as the upcoming research for the year ahead, presentations, analyst access, and other membership benefits.
For more information and media inquiries, please call Mercator Advisory Group's main line: 1-781-419-1700, send email to media(at)mercatoradvisorygroup(dot)com.
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About Mercator Advisory Group
Mercator Advisory Group is the leading independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.
Read the full story at http://www.prweb.com/releases/2017/10/prweb14771179.htm.