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to keep up with the significant increase in ACH payments volume and new ACH services enhancements due to their outdated ACH processing systems which are heavily dependent on proprietary custom code and patches that are not being adequately supported.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 Aite-Novarica Group shows that:
- 52% of FIs state their current payments solution is lacking the needed scalability to support increasing payments volume and new services
- 68% of FIs consider reducing maintenance cost and operational complexity as critical or very important in their modernization plans
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.
