The real-time ACH payments is fast catching up and is expected to become a reality in the US within two years, according to a survey by ACI Worldwide.

Nearly 70% of 120 financial industry professionals surveyed in April 2014 claimed that real-time ACH payments will become a reality within the next one to two years, while 92% chose to extend it to five years.

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Further, around 86% are hopeful that the real-time ACH will enhance value of businesses and corporate bank clients.

ACI Worldwide senior vice president, Matt Ellis, said: "When you look at payment innovation ranging from EMV to real-time, single message payments, the U.S. has been playing catch-up to many other developed markets. But as our data shows, the industry is positive that we are moving in the right direction and will see adoption quite quickly."

In 2014, the US Fed called for the adoption of real-time payment system within 10 years, which a majority of industry professional respondents stating that this vision can well be achieved in far less time.

However, ACI’s survey has also revealed that 27% of respondents are yet to make a payment through their mobile device and majority of those who had made a mobile payment have used an app to complete the transaction.

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The importance of social media within the banking industry has witnessed a steady growth. Facebook is close to securing approval from Ireland’s central bank to allow its users to store and exchange money.

In addition, about 36% of respondents have cited social media’s role for banking as neutral to not important.