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Sunday, November 26, 2006
(DigitalTransactions.net)
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(November 26, 2006) A new electronic check-conversion application set to go live in March at retail and other check-accepting businesses could become one of the fastest-growing products ever introduced for the automated clearing house (ACH) network, generating 425 million transactions in 2007, predicts a new study from Boston-based market researcher Celent LLC. The application, known as back-office conversion (BOC), will steadily grow in volume to 2.75 billion transactions by 2010 before usage levels off with adoption saturation and the ongoing erosion of overall check volume at the point of sale....
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