Remove 2016 Remove Continuity Remove Same Day ACH
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Speeding Along To Same Day ACH Payments

PYMNTS

The biggest firms in the nation are gearing up for same day ACH payments – an eventuality that could hit in September of this year. Firms are looking to use ACH across payroll and B2B functions. As smaller institutions prepare to receive same-day payments, they spot business opportunities.

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The Millions And Billions And Trillions Of Same Day ACH

PYMNTS

NACHA, with its Same Day ACH offering, is leading the charge for faster payments in the U.S., We’ll give a daily double for the first data point, as it’s number of ACH transactions, and the second is quoted in terms of dollars over the whole calendar year of 2016. They grew over 5 percent in 2016.”.

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NACHA Releases Same Day ACH Stats

PYMNTS

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. Direct Deposit comprised 52 percent of Same Day ACH volume, or 6.8

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For NACHA’s Same Day ACH, The Debit Debut

PYMNTS

In an interview with PYMNTS’ Karen Webster, Jane Larimer , chief operating officer at NACHA , said that the implementation of Phase 1 of Same Day ACH has gone smoothly, with a live debut last September. We’re seeing robust use of same-day ACH credits,” said Larimer.

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Why Banks Dread Same Day ACH

PYMNTS

A survey published by financial security software firm NICE Actimize found that a whopping 93 percent of banks anticipate new fraud threats resulting from Same Day ACH. Same Day ACH is slated to see its first rollouts among U.S. I was surprised that folks hadn’t made their decisions yet.”.

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NACHA Pinpoints B2B’s Role In Same Day ACH Adoption (So Far)

PYMNTS

According to the data, the number of ACH transactions in 2016 topped 25.6 2016 marked a significant year for the continued evolution and growth of the ACH Network,” said NACHA President and CEO Janet O. Overall, B2B payments make up 15 percent of ACH Network volume, NACHA found. trillion, NACHA said.

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With Same-Day ACH, You’d Better Have Same-Day Fraud Detection

PYMNTS

With Same-Day ACH now a reality in the U.S., In its analysis of the Same-Day ACH rollout, NACHA found no evidence that it led to an increase in fraud attempts or successful breaches. But Peace noted that tools like those offered by ACH Alert are just part of the fraud detection puzzle.