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How Governments Navigate ACH Payments Innovation

PYMNTS

Yet ACH volume is on the rise, and that includes in the B2B payments context. percent year-over-year increase in ACH transaction volume for the first quarter of 2020, with B2B payments adoption accelerating even faster, posting an 11.7 The key is the remittance information that needs to be associated with B2B payments.”

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Innovation Eases The Friction Of Global Payment Rails

PYMNTS

Thorness recently spoke to PYMNTS about the role that ACH plays in public sector payments, with business-to-government (B2G) payments also embracing the digitization and affordability that ACH offers over other payment rails. ACH transaction data standardization will also be important for reconciliation and reporting, said Thorness.