Forte and Nacha: A Partnership to Modernize the ACH Experience
It’s no secret that ACH payment volume is on the rise. Last year alone, there were 24.7 billion ACH transactions, totaling $55 trillion. This year, ACH payment volume grew 7.9 percent in Q2 compared to the same period last year.
Even with those astonishing numbers, there is still room for growth through the modernization of the ACH experience.
Two partners in the payments field, Forte, a CSG company, and the National Automated Clearing House Association (NACHA), have some ideas.
Forte, an industry leader in payments management, offers a scalable and seamless all-in-one payment solution for integrated software vendors (ISVs), enterprises, governments and small/mid-size businesses. NACHA facilitates the administration, development and governance of the ACH network, which is the linchpin for the electronic movement of money and data in the United States. As partners, the two organizations are committed to fostering and accelerating innovation in the ACH and larger payments environments.
Recently, Jeff Thorness of Forte and George Throckmorton of NACHA held a webinar to discuss the main ways to modernize ACH, from customer self-service to intelligent representment. You can watch the entire discussion and learn more about the future of ACH here.