Payments - Is Fast ACH Good for Acquirers?

This week found me with 3 stories in payments that caught my eye.  Here is the first.

Automatic Clearing House or ACH is a way to move money.  Does making that faster help merchant acquirers?

Interesting read:

https://www.paymentssource.com/news/is-faster-ach-a-gold-mine-or-a-minefield-for-acquirers

Here is a snippet from the piece:

Same-day Automated Clearing House transactions exist, in part, as a first step in the faster payments initiatives taking place in the U.S. But are they lucrative enough for acquirers to add to their portfolio?

Even though ACH costs less than credit card interchange, the difference may not be compelling enough to win over merchants that are happy with cards and mobile wallets. But same-day ACH does have a devoted audience — delivering 13 million transactions in the last three months of 2016 — and a growing interest among government agencies and businesses.

Happy Reading,

J.W. Gant