NACHA Smarter Faster Payments 2025: Faster Is Key, But Don't Forget About Tried and True

This IDC Perspective discusses the annual NACHA Smarter Faster Payments conference that highlighted the transformative role of payments beyond transactional revenue, emphasizing their impact on deposits, products, innovation, and relationships. Key themes included the rise of instant payments, the enduring relevance of ACH, and the need for continuous innovation. Banks face liquidity concerns with faster money movement, while consumerization of payment demands seamless payment experiences. Payment technology buyers should prioritize adaptable systems, ACH modernization, and instant payment adoption, addressing liquidity concerns with real-time data analytics."Payments transcend transactions, driving innovation and relationships; embrace change or face opportunity costs. Modern systems offer better experiences and data integration." - Aaron Press, research director, Worldwide Payment Strategies at IDC