PYMNTS

MARCH 23, 2017

Taking advantage of Same Day ACH, the company noted, also means understanding how NACHA will roll out the technology. According to NACHA, between Sept. 23 and December 31, 2016, more than 13 million Same Day ACH transactions were initiated, with nearly a third of them being B2B payments.

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Same Day ACH ACH NACHA B2B 54

PYMNTS

SEPTEMBER 15, 2017

In a recent interview with PYMNTS’ Karen Webster, Jane Larimer, chief operating officer at NACHA, said the financial services industry has done much preparation in terms of enhancing systems and processing, in tandem with significant testing, after a smooth Phase 1 of Same Day ACH debuted last September. 2016 and July 2017.

Same Day ACH 52

Same Day ACH ACH NACHA Credit Transaction 52

PYMNTS

APRIL 6, 2016

As reported by NACHA, the electronic payments association, the readiness was disclosed in a survey that had been conducted by the association, with the two strongest use cases identified across same day ACH. Estep, who serves as president and chief executive officer of NACHA, said in a statement.

Same Day ACH 46

Same Day ACH ACH NACHA AAP 46

PYMNTS

APRIL 11, 2018

percent, respectively, over 2016. 2017 marks another significant achievement in the evolution of the ACH Network, as transaction volume was exceptionally strong and Same Day ACH was made fully available,” said NACHA Chief Operating Officer and General Counsel Jane Larimer. Financial institutions surveyed by NACHA also reported 4.2

ACH Network 44

ACH Network ACH Same Day ACH Transactions 44

PYMNTS

SEPTEMBER 15, 2017

For NACHA, there’s a rollout of a different sort, with far-reaching impact on how, who and when consumers and enterprises see funds flow. 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.

Same Day ACH 48

Same Day ACH ACH NACHA Debit Transaction 48

PYMNTS

JANUARY 26, 2017

The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, recently provided the Same Day ACH transaction volume data for September 23 to December 30, 2016.

Same Day ACH 54

Same Day ACH ACH Direct Deposit NACHA 54

PYMNTS

SEPTEMBER 15, 2016

4: The number of times the Fed planned to raise the interest rate in 2016 (so far, none have happened). 1 Week Left: Until Same Day ACH goes into effect — NACHA says retailers need to get ready for speed. The blockchain is the solution for this apparently. 500K: The number of cashout locations Hyperwallet offers around the world.

Same Day ACH 59

Same Day ACH NACHA Data Breach EMV 59

PYMNTS

MARCH 3, 2017

In an interview with Karen Webster of PYMNTS, Janet Estep, president and CEO of NACHA, noted that technology is always under the microscope. Turning to Same Day ACH, Estep noted that NACHA has seen very good adoption since the September 2016 launch of the service “in a lot of the ways in which it was expected.”

Same Day ACH 50

Same Day ACH NACHA ACH Payments 50

Payments Source

JANUARY 25, 2017

Direct deposit transactions accounted for 52% of all transactions processed through the speedier system.

Same Day ACH 60

Same Day ACH Direct Deposit ACH Transactions 60

PYMNTS

JUNE 6, 2017

NACHA, with its Same Day ACH offering, is leading the charge for faster payments in the U.S., and our latest Data Drivers , featuring PYMNTS’ Karen Webster and NACHA CEO Jan Estep, explored the possibilities. They grew over 5 percent in 2016.”. And how fast will people get used to fast — as in faster payments?

Same Day ACH 47

Same Day ACH ACH ACH Network NACHA 47

PYMNTS

APRIL 17, 2017

The Electronics Payment Association NACHA announced significant increases in the ACH Network transactions. billion | Amount of 2016 overall ACH monetary transactions. percent | Percentage increase of ACH transactions from 2015 to 2016. Here are the numbers: $25.6 12 billion | Number of ACH debit transactions processed.

ACH Network 40

ACH Network ACH Direct Deposit NACHA 40

PYMNTS

JULY 5, 2017

The Federal Reserve made news late last week when it released its newest data on consumer and business payment habits, assessed via data from 2015 compiled in 2016. Further, the Fed is currently collecting data on non-cash payments made during 2016 with plans to provide annual updates in trends, currently published every three years.

ACH 51

ACH Fed Checks Federal Reserve 51

PYMNTS

FEBRUARY 9, 2017

NACHA has grown considerably in the past 25 years,” said Stone. “As As the NACHA Rules have evolved, so has the concept that the Standard Entry Class can be used to determine how an ACH Entry is handled.” Stone, who has worked with NACHA and ACH processing since 1980, has the historical perspective needed to make such observations.

Reg E 46

Reg E Security Transactions Third-Party Sender 46

PYMNTS

MAY 3, 2017

The May Faster Payments Tracker™ , powered by NACHA, highlights how several faster payment solutions are shaking up different industries, from health insurance to rideshare services. The most recent statistics from NACHA found that ACH transaction volume jumped by 5.3 billion in 2016, with an estimated value at $43.7

Faster Payments 42

Faster Payments P2P Venmo Use Case 42

PYMNTS

MAY 4, 2016

In this month’s Faster Payments Tracker™ , powered by NACHA, payment providers, in efforts to keep up with modern behavior, are looking for new ways to streamline and quicken financial processing. The April edition of the Faster Payments Tracker ™ , powered by NACHA, also features the latest news and analysis from around the industry.

Faster Payments 40

Faster Payments Same Day ACH NACHA ACH 40

PYMNTS

JUNE 25, 2018

online bill payments made by consumers in 2016 were conducted via biller-direct sites — up from 62 percent in 2010. They accounted for 27 percent of online bill payments in 2016, down from 38 percent in 2010. billion in the first quarter of 2018, according to the latest figures from NACHA , the Electronic Payments Association.

Same Day ACH 43

Same Day ACH Consumer ACH NACHA 43

PYMNTS

OCTOBER 3, 2017

s Charity Commission issued a warning in early 2016 over mandate fraud and the threat the scam poses to charities in particular. The threat of mandate fraud is an ongoing issue for charities, with cases continuing to be reported to Action Fraud from across the sector,” the Commission said in its January 2016 alert.

Email Compromise 41

Email Compromise Scams NACHA Compromise 41

PYMNTS

DECEMBER 18, 2017

Reports said Adindu was arrested in 2016 and allegedly carried out business email compromise scams between 2014 and 2016. The study, which surveyed financial professionals at the NACHA Payments 2017 conference, also found data breaches at 15 percent of firms that had been hit by some type of fraud.

Scams 41

Scams Email Compromise Compromise Wire Transfer 41

PYMNTS

APRIL 8, 2016

6, 2015, speaking at the Faster Payments Imperative, NACHA CEO Jan Estep emphasized the need to continue the dialogue about what the concept of faster payments really means. “We Three of those innovators were highlighted at 2016 PYMNTS Innovation Awards, and were recognized for being the “Best Innovation in ACH.” The next six months.

Faster Payments 40

Faster Payments ACH Network Same Day ACH ACH 40

PYMNTS

SEPTEMBER 26, 2016

On the eve of the Same Day ACH rollout, the Association of Financial Professionals (AFP) published its 2016 Electronic Payments Survey , released every three years to examine corporate payment trends. The data makes that glaringly clear. “It’s key when it comes to the payment process.”

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B2B Same Day ACH ACH Commercial Card 65

PYMNTS

MARCH 30, 2018

According to NACHA statistics on Same Day ACH, nearly 2 million debits were made in just the first 11 days of service, accounting for a combined $1.5 When it comes to faster payments, B2B payments aren’t necessarily chomping at the bit for the capability. billion in funds.

Payroll 53

Payroll Faster Payments Direct Deposit Same Day ACH 53

PYMNTS

NOVEMBER 6, 2017

percent from Q2 2016 to Q2 2017. Nelson joined the organization in 2006 after previously serving as the executive vice president of NACHA- The Electronic Payments Association. TO DOWNLOAD THE NOVEMBER EDITION OF THE PYMNTS FASTER PAYMENTS TRACKER™ , POWERED BY NACHA, CLICK THE BUTTON BELOW. . About the Tracker .

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FS-ISAC Cybersecurity Account Takeovers NACHA 47

PYMNTS

FEBRUARY 22, 2017

Last year, the company won not one but two awards at the PYMNTS Innovation Project 2016 Awards, nabbing Gold for Best Check Innovation and Gold for Best Debit Innovation. This year, Fiserv is nominated for yet another PYMNTS Innovation Project award, this time for the NACHA Best Innovation in ACH Award.

NACHA 51

NACHA Same Day ACH ACH Innovation 51

PYMNTS

FEBRUARY 6, 2018

The same-day ACH rollout has been in full swing since 2016, when phase 1, SDA credits, became available. The Corporate Survey, a NACHA collaboration, asked 500 corporates and government agencies about their current and planned SDA credit and debit usage. local time on the day a transfer is initiated, goes live in March.

Same Day ACH 43

Same Day ACH Faster Payments ACH NACHA 43

PYMNTS

SEPTEMBER 7, 2017

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. TO DOWNLOAD THE SEPTEMBER EDITION OF THE PYMNTS FASTER PAYMENTS TRACKER™ , powered by NACHA, CLICK THE BUTTON BELOW. . About the Tracker .

Same Day ACH 45

Same Day ACH ACH NACHA ACH Network 45

PYMNTS

MAY 7, 2018

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. billion in losses linked to fraud in 2016 and a 16 percent increase from 2014 levels. The risks, of course, are monstrous. Data from the American Bankers Association found the U.S.

Same Day ACH 47

Same Day ACH Fraud Detection ACH NACHA 47

PYMNTS

MAY 3, 2016

Just weeks ago, NACHA revealed its own survey on how corporates are some of the customers most ready for this progression in payments. B2B payments and payroll were cited as two of the strongest use cases for Same Day ACH, NACHA said. Same Day ACH is slated to see its first rollouts among U.S. banks and FIs this September.

Same Day ACH 43

Same Day ACH ACH NACHA Faster Payments 43

PYMNTS

JANUARY 23, 2018

“Specifically, in certain categories like B2B check payments, the decline is slowing at a much more gradual pace than [in] the past,” he said, citing recent data from the Federal Reserve, whose payments study , released in December 2016, found a slowdown in the reduction of check use in the U.S. The expansion of ACH across the U.S.,

Remote Deposit Capture 43

Remote Deposit Capture Checks Same Day ACH ACH 43

PYMNTS

AUGUST 30, 2018

Previous phases, including same-day ACH credits and debits, were rolled out in 2016 and 2017, respectively. According to the latest figures from NACHA – The Electronic Payments Association, the ACH network moves $43 trillion in commerce annually. In the U.S., local time on the same day as ACH credits.

Same Day ACH 40

Same Day ACH Cross-Border ACH SWIFT 40

PYMNTS

OCTOBER 3, 2017

The discussion took place as NACHA unveiled Phase Two of its Same Day ACH initiative, debuting same-day debits with an eye on settling bill payments with speed and security.

Faster Payments 49

Faster Payments Same Day ACH Demand Deposit Account (DDA) ACH 49

PYMNTS

FEBRUARY 26, 2018

The profits were the first the company had posted in a decade, significantly beyond analyst expectations and a sharp turnaround from 2016’s $9.71 11 percent | Percentage of accounts payable transactions that are paid by credit or debit cards, according to data from the National Automated Clearing House Association (NACHA).

Accounts 40

Accounts Debit Card NACHA Verification 40

PYMNTS

FEBRUARY 9, 2017

The PYMNTS Faster Payments Tracker™ , powered by NACHA, is your go-to resource for staying up to date on a month-by-month basis. In early February, the U.S. Census Bureau reported that $1.18 billion was spent on construction in Dec. Meanwhile, the most recent data available from the Bureau of Labor Statistics indicates that the U.S.

Faster Payments 48

Faster Payments Payments NACHA Payment Solutions 48

PYMNTS

JANUARY 9, 2019

The Federal Bureau of Investigation (FBI) has now pegged total losses to BEC scams at $12 billion across 150 countries, marking a 136 percent rise in BEC cases between December 2016 and May 2018. NACHA found that, in the first 11 days that the service went live in 2017, only 6 percent of the 2 million transactions made were B2B transactions.

Faster Payments 56

Faster Payments Business Email Compromise Treasury Real Time Payments 56

FICO

MARCH 27, 2017

Between the Same Day ACH initiative launch on September 23, 2016 and December 31, 2016, there were more than 13 million same-day ACH transactions. NACHA provides a roundup of interesting statistics : Consumer demands and expectation will continue to drive the speed of payments faster. Are banks truly ready for same-day ACH?

Same Day ACH 40

Same Day ACH ACH AI Online and Mobile Banking 40

PYMNTS

JUNE 12, 2017

This report, however, suggests that not only is ACH most preferred, but it is viewed as the most efficient payment method; 80 percent of banks surveyed in the report said they support NACHA as their standard payment origination offering. More than a quarter said they plan to spend more on their corporate cards this year than they did in 2016.

Payer 60

Payer ACH FinTech Push-to-Card 60

PYMNTS

MARCH 8, 2017

billion) — were processed in January alone, a 23 percent spike from the amount processed in January 2016. based VocaLink , the 2016 recipient of NACHA’s Payments Award for innovation, expansion and development of products supporting faster payments to increase payments access, efficiency and security across the globe. “In

Faster Payments 43

Faster Payments Consumer Payments NACHA 43

PYMNTS

MAY 3, 2017

NACHA may have assured some banks that Same Day ACH hasn’t led to an increase in payments fraud, but concerns remain widespread about how the initiative and other faster payments efforts will reduce the window of opportunity for FIs to detect and prevent an incident.

Faster Payments 45

Faster Payments B2B Email Compromise Same Day ACH 45