Episode 149 - Bringing Data to Secure A2A Transactions - Eli Polanco, Nivelo
Payments on Fire™
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The Importance of ACH in Faster Payments
ACH is still growing. As long as you're willing to wait five days, you can pull a lot of money from an account from someone that owes you. We just crossed our first billion dollar month of volume that has been secured. And in our clients, we've seen over 50% reduction of settlement failures and payments. So this includes unrecover losses from non debits. It's what Venmo, cash up, PayPal, all of these guys do that. This is not a we, novello, are not providing the credit. We are just providing the underwriting intelligence.
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