Behind the ACH’s Sizzling Growth
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Behind the ACH’s Sizzling Growth
1–10 of 81 posts
Re: Behind the ACH’s Sizzling Growth
#2I wonder how much of this is practical use of ACH vs using it to enter and exit other modern payment networks like venmo and coinbase, because ACH is actually abysmal.
Re: Behind the ACH’s Sizzling Growth
#3I was listening to a podcast a few weeks ago (Planet Money) and was genuinlely shocked at how poor the US payments network is in relation to here in the UK.
Most bank transactions here complete within 2 hours (faster payments service) and are completely free.
Re: Behind the ACH’s Sizzling Growth
#4I wonder how much of this is practical use of ACH vs using it to enter and exit other modern payment networks like venmo and coinbase, because ACH is actually abysmal.
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Re: Behind the ACH’s Sizzling Growth
#5If anyone's interested in beta testing an app for easily viewing/editing fixed length files (ACH format files) shoot me an email.
Re: Behind the ACH’s Sizzling Growth
#6The article characterized healthcare as an anticipated future front, but US insurers have been required to offer ACH payments since 2014.
https://www.cms.gov/Regulations-and-Guidance/Administrative-...
Re: Behind the ACH’s Sizzling Growth
#7Pretty sure physical check use decline can be directly correlated to ACH use growth.
Re: Behind the ACH’s Sizzling Growth
#8The article characterized healthcare as an anticipated future front, but US insurers have been required to offer ACH payments since 2014. https://www.cms.gov/Regulations-and-Guidance/Administrative-...
I would also expect with healthcare reform for healthcare related payments to decline. Not to mention an aging population will see a decline in payment activity.
With that said, it'd be swank to move as much paper checking activity to ACH as possible for efficiency reasons, as well as credit card activity to ACH to de-financialize payments (finance absorbs too much of GDP IMHO).
Re: Behind the ACH’s Sizzling Growth
#9Does ACH cost? I know in the UK we have faster payments, it usually shows up a few seconds later in the target account, and it's free. I've mostly stopped using paypal as a result.
Re: Behind the ACH’s Sizzling Growth
#10The article characterized healthcare as an anticipated future front, but US insurers have been required to offer ACH payments since 2014. https://www.cms.gov/Regulations-and-Guidance/Administrative-...
I would also expect with healthcare reform for healthcare related payments to decline. Not to mention an aging population will see a decline in payment activity. With that said, it'd be swank to move as much paper checking activity to ACH as possible for efficiency reasons, as well as credit card activity to ACH to de-financialize payments (finance absorbs too much of GDP IMHO).
> I would also expect with healthcare reform for healthcare related payments to decline.
In general, more people covered by public and/or private insurance means more insurer to provider payments.