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NACHA ACH Payments Volume Tops 2 Billion

PYMNTS

ACH Network volume surpassed 2 billion transactions in August, an increase of more than 10 percent compared to the previous year. In addition, business-to-business (B2B) ACH payments grew by more than 13 percent and comprise 16 percent of ACH Network volume. billion ACH debit transactions and close to 2.4

NACHA 49
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PSCU: Owner CUs Saw Rising Debit, Credit Sales Volumes Over The Holidays

PYMNTS

Payments credit union service organization (CUSO) PSCU reported 11.4 percent year-over-year debit and credit overall same-store sales volume growth among its owner credit unions over the 2020 holiday season, according to a press release emailed to PYMNTS. Debit contactless transactions expanded to 17.1

Volume 62
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Visa, Mastercard Still Locked Out Of China

PYMNTS

30, Visa CEO Al Kelly said, “We continue to work closely with the Chinese regulators and government to understand how to best proceed through the application premises,” according to Quartz. In addition, payments volume came close to $2.3 trillion, while switched transactions came in at 20.1 percent to $787 billion.

Visa 68
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Visa: Tap-To-Pay Gains Steam, As B2B Volume Hits $1T, Annualized

PYMNTS

Visa posted fiscal Q4 earnings results that topped expectations, driven by high single-digit percentage growth in payments volume and cross-border transactions — and where management said that B2B transactions topped $1 trillion on an annualized basis. In terms of the high-level numbers, revenues were up 13.1 billion and 36.4

Volume 42
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Visa+ expands its availability for PayPal and Venmo users across the US

Tearsheet

Visa+ will continue rolling out with participating platforms in the US throughout 2024, flexing our Visa+ capabilities to adapt to unique client needs,” Vikram Modi, head of Visa+ told Tearsheet. The sending wallet queries the Visa+ service to match the recipient’s payname to the underlying Visa token.

Venmo 98
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Debit Surge Has Ripple Effects On Networks And Issuers

PYMNTS

Namely, it will continue to be a favored payment method among consumers. Consider the fact that, for example, Visa ’s overall payments volume was up 4 percent year over year. For the network giant, debit volumes were up 20 percent to $1.2 trillion, while credit slipped 9 percent.

Issuers 82
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Mastercard Gains B2B Payments Traction, Sees Double-Digit Growth

PYMNTS

The company said that gross dollar volume, which is the total dollar volume of transactions processed, reached $1.4 Breaking that down a bit, debit and prepaid transactions stood at $720 billion, up from $642 billion last year. Credit transactions were $748 billion in the quarter, which was up from $705 billion last year.

B2B 71