A recent survey by ACI Worldwide showed 70 percent of payments market experts predict real-time ACH payments will be the standard in the U.S. within the next two years.
The survey, conducted during the NACHA Payments conference, revealed that most payments experts expect ACH to add “significant” value to businesses and bank clients.
Earlier this year the Federal Reserve issued a paper calling for the adoption of a real-time payment system in the U.S. within 10 years, and demand for a faster payments system is growing.
“When you look at payment innovation ranging from EMV to real-time, single message payments, the U.S. has been playing catch-up to many other developed markets,” ACI Worldwide Senior Vice President Matt Ellis said. “But as our data shows, the industry is positive that we are moving in the right direction and will see adoption quite quickly.”