Up to one out of every 50 ACH transfers fail, an issue that Mastercard contends can be addressed through a mix of new data-sharing techniques and machine learning.
“With ACH payments there’s a latency in how they are processed; it can take two to five days,” said Silvana Hernandez, senior vice president of digital payments at Mastercard in New York. “Things can happen, including a decline because of a balance.”
The card network is using technology from Finicity, an open banking provider Mastercard acquired in 2020 for $825 million, to improve performance for account-to-account transfers.
