Product Type: Market Research Report
Published by: TowerGroup
Published: January 2005
Product Code: R301-975Description In March 2002, the US ACH network introduced Accounts Receivable Conversion (ARC), an application that enables billers to convert, process, and settle consumer check payments delivered to remittance and lockbox locations as ACH debit transactions. Adoption of the application has climbed by leaps and bounds, making it the fastest growing ACH application in the network's history. Today check payments converted to ARC transactions represent about 6% of all US consumer bill payments. This TowerGroup ViewPoint reviews the growth of this new transaction category, looks at its benefits for billers, and assesses the future of ARC along with its potential to serve as a model for enhancing overall ACH activity.Table of Contents - TowerGroup Take-Aways
- Report Coverage
- ARC Activity Levels
- Exhibit 1: Quarterly Transaction Volume for Selected US ACH Applications (2002-04)
- The Conversion Process for ARC Transactions
- The Benefits for Billers
- The Future and Potential of ARC
- Exhibit 2: US ARC Volume, Including On-Us Transactions, and Share of Consumer Bill Payments (2002-07)
- A Model Application
- Summary
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