Future-proof your ACH payments services - keep pace with growing volumes and modernization
ACH payments remain a “must‑have” service for U.S. Financial Institutions (FIs). What can they do to keep up with the significant increase in ACH payments volume and new ACH services enhancements when their legacy solutions are struggling.
While the U.S. payment industry is excited and focused on the advancement of instant payments and the set of use cases uniquely suited to real time processing, ACH payments remain an essential service for U.S. Financial Institutions (FIs).
However, FIs are struggling to keep up with the significant increase in ACH payments volume and new ACH services enhancements due to their outdated ACH processing systems which are heavily dependent on proprietary custom code and patches that are not being adequately supported. A recent survey conducted by Celent shows that:
- 72% of North American banks believe the pace of change will increase
- 56% of bank’s ACH payment systems across North & Latin America will need replacements over the next 5 years to keep pace with payments modernization
Implementation of a modern payment hub solution guarantees not only ongoing support for your ACH processing (including compliance with NACHA changes) but the opportunity to transform other rails in line with your business and operational objectives.
