- Faster Payments will surpass $650 billion in 2018
- Same Day ACH reached 75 million transactions for $87 billion but, $87 billion is less than 1% of total ACH volume
- 70% of Zelle transactions occur within the same financial institution but, 140 more banks are adding Zelle (currently running on 29 banks)
- When the UK launched Faster Payments, bank fraud increased by 100% increase in bank fraud
Data for this episode of Truth In Data provided by Mercator Advisory Group’s report Faster Payments Forecast, 2017-2021, Update: The consequences of Faster Payments