PYMNTS

APRIL 8, 2016

And the ACH Network provides a building block to develop these new services, Estep said – because it’s “skinny”. “It Three of those innovators were highlighted at 2016 PYMNTS Innovation Awards, and were recognized for being the “Best Innovation in ACH.” Same Day ACH credits will be rolled out starting Sept.

Faster Payments

PYMNTS

JANUARY 25, 2017

The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, just released findings from the Same Day ACH transaction volume data for Sept. Same Day ACH is an industry initiative toward faster payments. The results are in.

Same Day ACH

PYMNTS

AUGUST 9, 2017

The platform supports virtual accounts, ACH, network settlements, EFT and check payments and aims to boost transparency and control over supplier payments. WEX reported a 13 percent increase in the average number of vehicles serviced worldwide between Q2 2016 and Q2 2017. The firm said Tuesday (Aug.

ACH Network

PYMNTS

MAY 10, 2019

Earthport operates one of the biggest independent ACH networks in the world. That is a 171 percent increase from 2016. Visa said that with the acquisition, it will be possible for its clients to enable individuals, businesses and governments to use Visa to send and receive money through bank accounts. Unlimited texting?

Real Time Payments

PYMNTS

AUGUST 30, 2018

for example, the last of three same-day ACH phases was rolled out earlier this year, which requires receiving depository financial institutions to make funds available by 5 p.m. local time on the same day as ACH credits. Previous phases, including same-day ACH credits and debits, were rolled out in 2016 and 2017, respectively.

Same Day ACH

PYMNTS

MAY 25, 2017

I’ve always talked about the ACH Network as ‘skinny,’” Estep told Webster. “We At PAYMENTS 2017, we saw so many different solutions, and this is reinforcing that direction [of building on top of the ACH Network]. We provide the rules, we provide just enough functionality so that every bank account in the U.S.

NACHA

PYMNTS

SEPTEMBER 7, 2017

payment system has embarked on the financial equivalent of a film trilogy with its Same Day ACH initiative, an initiative which will bring big changes to the ACH Network. By some accounts, the anticipated change to the system in 2016 was comparable to the hysteria that preceded the then-unknown effects of the Y2K bug.

Same Day ACH

PYMNTS

OCTOBER 22, 2019

The Street has taken a wait-and-see attitude on the turnaround efforts that have been in place for years — as evidenced by the fact that the KBW Bank Index is up, as traced back to 2016, while Wells Fargo’s stock is flat, WSJ noted. since the ACH network debuted in 1974.

RTP

PYMNTS

APRIL 5, 2018

The survey was conducted in November and December of 2017 and included 22 FIs that represent 78 percent of the ACH Network origination volume. With the rise of Same Day ACH, FIs surveyed have not seen an increase in fraud. Previous surveys also found this to be the case.

Economy

PYMNTS

DECEMBER 20, 2017

Cannabis’ status as a schedule-one narcotic means the federally chartered banks, the card networks and the traditional payments ecosystem have made it clear that they’d like to steer clear. In turn, that means digital payment methods of all kinds have largely been a no-go, making pot a $7 billion cash industry in 2016.

Payment APIs and Integration

PYMNTS

SEPTEMBER 9, 2016

Just in the first four months of 2016, incidents of such scams increased by 270 percent. 2016, according to the FBI. That’s agnostic to whether it gets realized as a wire or ACH transaction,” Rojas said. A total of 17,642 reports of BEC were reported to authorities between Oct. 2013 and Feb. The cost of such attacks?

Same Day ACH

PYMNTS

MAY 4, 2016

Challenges and solutions continue to emerge surrounding NACHA’s recent move toward establishing Same Day ACH payments, which are due to arrive as soon as September 2016.

Faster Payments