New ACI Worldwide Survey Validates Demand for Same Day Money Transfers
May 06 2015 - 8:00AM
Business Wire
Nearly 25 percent of respondents believe the
U.S. should move directly to real-time faster payments
As a follow up to its 2014 survey of market experts within
financial organizations, an updated 2015 survey by ACI Worldwide
(NASDAQ: ACIW) highlights that nearly 25 percent of respondents
believe the U.S. should move directly to real-time faster payments.
The survey of 106 financial industry professionals was conducted in
April 2015 at the NACHA PAYMENTS conference.
Principal findings of this year’s survey included:
- 97 percent of respondents believe Same
Day ACH payments will become a reality within the next five years
(up 5% from the 2014 survey)
- 92 percent believe that Same Day ACH
will add “significant” value to businesses and corporate bank
clients (up 6% from the 2014 survey)
- Nearly 75 percent of respondents
believe same day should be pursued
- 80 percent have made a mobile payment
(up nearly 5% from the 2014 survey)
- Of those respondents who’ve made mobile
payments, paying via the established QR code-based payment models
of Starbucks and Dunkin Donuts ranked highest, followed by Apple
Pay.
Commitment to Same Day ACH
A majority of industry innovation is focused on achieving
real-time and same day payments, and this is where payment
professionals believe significant value can be added to both
corporate and business banking customers. Many of the sessions at
PAYMENTS focused on this topic and while nearly 100 percent of
respondents believe same day will be a reality within five years,
more than 60 percent believe that NACHA will push forward with same
day much more quickly—within two years.
“Same Day ACH provides an option for the consumers, businesses
and governments that want to move their money faster,” said Janet
O. Estep, president and CEO, NACHA. “It provides an immediate
solution for moving payments faster and creates a building block
for tomorrow’s products and services. The ACI survey results
clearly demonstrate continued industry support for Same Day ACH and
underscore the value and importance of the initiative to better
meet the needs of customers.”
Moving Mobile Forward
Although respondents were unsure of how to exactly define a
mobile payment, the vast majority of their awareness has grown over
the past year. This is likely due in large part to Apple Pay, given
that nearly 24 percent have used it to make a payment in just the
last year.
About the Survey
The survey of 106 financial industry professionals was conducted
by ACI Worldwide at the annual NACHA PAYMENTS Conference in April
2014.
About ACI Worldwide
ACI Worldwide, the Universal Payments company, powers electronic
payments and banking for more than 5,600 financial institutions,
retailers, billers and processors around the world. ACI software
processes $13 trillion each day in payments and securities
transactions for more than 300 of the leading global retailers, and
18 of the top 20 banks worldwide. Through our comprehensive
suite of software products and hosted services, we deliver a broad
range of solutions for payment processing; card and merchant
management; online banking; mobile, branch and voice banking; fraud
detection; trade finance; and electronic bill presentment and
payment. To learn more about ACI, please visit
www.aciworldwide.com. You can also find us on Twitter
@ACI_Worldwide.
© Copyright ACI Worldwide, Inc. 2015.
ACI, ACI Payment Systems, the ACI logo and all ACI product names
are trademarks or registered trademarks of ACI Worldwide, Inc., or
one of its subsidiaries, in the United States, other countries or
both. Other parties’ trademarks referenced are the property of
their respective owners.
Product roadmaps are for informational purposes only and may not
be incorporated into a contract or agreement. The development
release and timing of future product releases remains at ACI’s sole
discretion. ACI is providing the following information in
accordance with ACI's standard product communication policies. Any
resulting features, functionality, and enhancements or timing of
release of such features, functionality, and enhancements are at
the sole discretion of ACI and may be modified without notice. All
product roadmap or other similar information does not represent a
commitment to deliver any material, code, or functionality, and
should not be relied upon in making a purchasing decision.
Media Contact:ACI Worldwide, Inc.Dan Ring,
781-370-3600dan.ring@aciworldwide.com
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