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The value of Same Day ACH payments grew 51.7% in the first half of 2023 from a year earlier, while payments volume rose 13.7%, Nacha reported.
Quarterly Growth: For the second quarter of 2023, the number of payments rose 7.7% while the value of those payments increased 26.1%.
Overall Network: For the ACH Network overall, the number of payments rose 4.3% in the second quarter and payment value rose 2.9%.
B2B: Meanwhile, business-to-business payments increased 10.4% from a year earlier, continuing their double-digit growth trajectory.
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Community bankers responded in force to ICBA’s grassroots advocacy campaign supporting the FDIC’s proposal to exempt community banks under $5 billion in assets from its special assessment.
ImageJul 25, 2023
With Sens. Richard Durbin (D-Ill.) and Roger Marshall (R-Kan.) working to attach credit card routing restrictions to the National Defense Authorization Act, ICBA this week is promoting its new polling results showing voters oppose the policy change.
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The Consumer Financial Protection Bureau issued its fair lending annual report to Congress describing its fair lending enforcement priorities and statistics.
ImageJul 24, 2023
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