by Lisa Poyner | Sep 10, 2021 | Insights
With Same Day ACH about to mark its fifth anniversary, new figures from Nacha show astounding growth for this faster payment method. In the second quarter of 2021, Same Day ACH payment volume was 148.7 million, an increase of 82% over the same time in 2020. Those... 
by Lisa Poyner | May 16, 2021 | Insights
What a difference a year makes. Growth predictions between 2021 and 2022 grew significantly. Very few people think eCommerce sales as a percentage of retail will be less than 20% by 2022. Compare those predictions with last year’s results for... 
by Lisa Poyner | May 3, 2021 | Insights
May 5th, 2021. Houston, Texas – More than eight in ten (86%) of U.S., Canadian and European consumers say that their payments habits have changed since the start of the pandemic, with 59% trying a new payment method for the first time, rising to 77% in the 18- to... 
by Lisa Poyner | Apr 23, 2021 | Insights
Every time a customer swipes, inserts, or taps their debit or credit card, it requires authorization. A successful authorization implies that a bank account or line of credit has sufficient attainable value that can be set aside for purchase until it is fully... 
by Lisa Poyner | Apr 11, 2021 | Insights
The Fed set the debit cap at 21 cents, with an additional penny allowed for fraud-prevention costs and 0.05% for recovery of fraud losses. The ceiling, which applies to financial institutions with $10 billion or more in assets—the so-called “covered” issuers—came in... 
by Lisa Poyner | Mar 30, 2021 | Insights
Currency is usable if it is a store of value, or, put differently, if it can reliably be counted on to maintain its relative value over time and without depreciating. In many societies throughout history, commodities or precious metals were used as methods of payment...