By The Numbers

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By The Numbers
How Tech Forward Banks Made Nacha's Top 50 Originators List

Last month, Nacha released their top 50 ACH Originators, which included some surprisingly small financial institutions. In this By The Numbers journal, we dig into how tech forward banks are pursuing new strategies for revenue growth, enabling them to compete with bigger banks.

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By The Numbers
How Do Interbank Settlement Networks Work?

In this post, we explore how interbank settlements work, why they are used, and what happens to transactions at cutoff or if there is a system outage.

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By The Numbers
Why do Banks Impose Cutoffs?

In this By the Numbers Journal, we provide a definition of cutoff times, explain why they’re crucial, and explore how they might affect business money movement.

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By The Numbers
The State of Payment Operations in 2021

This year, we conducted the first State of Payment Operations survey. This By The Numbers journal talks through some of the key survey points and the case for modernizing payment ops.

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By The Numbers
Real Time Payments Around the World

As a category, moving money instantly is often called “faster payments.” Faster payments are defined by three attributes: speed (instant), availability (24x7x365), and confirmation (available to both sender and receiver immediately). And though we think of the United States as a global leader in innovation, when it comes to faster payments, we are lagging way behind. 

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By The Numbers
What Does INDN Mean?

Bank statements can be difficult to understand. We’ve previously written about bank statement descriptions and how they work. In this post, we will focus on a specific abbreviation, INDN, that you may see on your bank statement.

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By The Numbers
What is the PCI of Bank Payments?

Credit card users today can transact online with peace of mind because card-accepting merchants are subject to Payment Card Industry Data Security Standard (PCI DSS). Security is also a concern for bank payments.

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By The Numbers
Why Idempotency Matters in Payments

At Modern Treasury, we place a strong emphasis on building systems that behave predictably and are resilient to failures. An important characteristic of these systems is that they are idempotent. In this article, we’ll explain what being idempotent means and why it is important for systems that handle payments like we do at Modern Treasury.

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By The Numbers
Why Processors Hold Funds Up to 7x Longer Than Your Bank

When we talk to companies, we’re often surprised by the misconceptions that exist around ACH.

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By The Numbers
Which Banks Have Real-Time Payments?

In this By the Numbers post, we share the information we could find publicly available online about which banks are currently live with RTP send.