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Jack Henry, Visa see escalating FedNow volume

Payments Dive

While the Federal Reserve won’t specify payments volume on the new instant system, executives from certified service providers Visa and Jack Henry said they’re seeing an increase.

Volume 167
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Visa debit card volume growth keeps sliding

Payments Dive

The card network behemoth’s latest earnings report showed a contraction in card volume growth during the first three months of the year, and into April.

Volume 154
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Stripe passes $1 trillion in payments volume

Finextra

Stripe says that businesses running on its platform processed more than $1 trillion in 2023, up 25% on the previous year.

Volume 130
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Affirm may see payment volume bump from Apple Pay: Mizuho report

Payments Dive

The partnership is estimated to represent a $12 billion opportunity for buy now, pay later provider Affirm, according to an analyst note last week.

Volume 148
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Same Day ACH Volume Rose 67.5% in the Third Quarter of 2024

NACHA

17, 2024 – Same Day ACH volume soared 67.5% in the third quarter of 2024, and total ACH Network payment volume rose 7.4% RESTON, Virginia, Oct. from a year earlier, new figures from Nacha showed. There were 355.2 million Same Day ACH payments in the third quarter; the value of those payments rose 38.8% to $844 billion.

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Same-day ACH payments soar

Payments Dive

The dollar value of same-day ACH payments nearly doubled in the first quarter as the volume increased 20.7%, Nacha said this week in a quarterly update.

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Where will embedded payments flourish in 2024?

Payments Dive

There are three areas where embedded finance is a good fit, and they are characterized by high volume and frequent payments, writes one industry executive.