Paymentgal Blog

ach (2)

ACH is an incredibly durable transaction type with an ubiquitous reach and user familiarity combined with an ultra-low cost of acceptance. Faster Payments is an exciting new scheme promising to upend clearing and settlement in a whole new way. But faster plays out for good and for fraudsters. Thinking through the potential impact of instant payments requires the input of those experienced in the way that our complicated industry actually works. That's what this conversation is all about.
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Addressing our industry's problems with digital solutions is not just the purview of start-ups, but also breathes new life into mature businesses. Case in point - commercial payments. There is no hotter segment in the industry today than commercial payments. It’s here we find deep pockets of inefficiency that can be addressed through digital payments, creating an economic powerhouse with the capability to generate highly profitable margins. The expanse of this market is also attractive, covering a wide range of potential customers from micro-business to small business to commercial and finally, large enterprise corporates. In this interview with U.S. Dataworks CEO, David Peterson, we discuss how the opportunities in this market can be hit - or missed - by financial institutions.
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