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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