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.”. Data Point One: 25 billion and $43 trillion.

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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.

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PYMNTS

MAY 3, 2016

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. We haven’t seen the first rollouts [of Same Day ACH] yet.

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PYMNTS

MAY 7, 2018

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. That doesn’t mean that fraud linked to ACH transactions is nonexistent, however.

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Payments Source

JANUARY 25, 2017

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

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The Paypers

APRIL 8, 2016

(The Paypers) National Automated Clearing House Association (NACHA) have announced that customers can make same-day ACH payments by September 2016, according to an in-house survey.

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FICO

MARCH 27, 2017

Today could be that day. Are banks truly ready for same-day ACH? 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. Remember the ApplePay authentication fiasco ?).

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PYMNTS

SEPTEMBER 9, 2016

With the Same Day ACH rollout coming in just two weeks and other faster payments initiatives taking off, financial institutions are taking significant steps to ensure the transition to a faster processing environment, including improving their payment security platforms to keep fraudsters at bay. Impact On Same Day ACH Rollout.

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PYMNTS

APRIL 6, 2017

Phase One of the Same Day ACH rollout that made credit transfers a reality was completed last year. Phase Two, which will allow debit transactions on the same day, is planned for September 2017. The third phase, which will usher in faster ACH credit funds availability, is on track to occur in March 2018.

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PYMNTS

MAY 25, 2017

Hence the recent announcement of the 2017 NACHA Payments Awards , which seeks to spotlight innovation and advancements in payments technology, which this time around was predicated on proven accomplishment in advancing electronic payments and finding new ways to leverage Same Day ACH.

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PYMNTS

APRIL 11, 2018

New data shows that the ACH Network processed 21.5 percent, respectively, over 2016. It is the third year in a row in which the number of new ACH transactions increased by more than one billion. percent increase in person-to-person transactions (97 million); and a 478 percent increase in same day ACH transactions (75 million).

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PYMNTS

SEPTEMBER 26, 2016

In the context of the rollout of Same Day ACH, as well as new research that found companies have actually increased their use of the paper check in the last three years, the payment rail choice isn’t always easy. The data makes that glaringly clear. There’s a lot of friction between suppliers and customers.”

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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.

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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. Companies said they were also interested in how ACH might impact expedited bill pay, person-to person functionality, and payment options.

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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.”

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PYMNTS

FEBRUARY 6, 2018

From employers who use the service for direct-deposit payments to landlords and utility companies that use it to collect rent or monthly bills, same-day ACH has been gaining in popularity and putting a variety of payment types in the fast lane. local time on the day a transfer is initiated, goes live in March.

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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.

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PYMNTS

FEBRUARY 9, 2017

With the securities industry putting the final touches on its planned move to T+2 settlement later in 2017, there seemed to Stone to be an opportunity to update the role of ACH in the securities settlement process. NACHA has grown considerably in the past 25 years,” said Stone. “As Beyond Securities Transactions.

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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. ACH debit and credit transactions totaled nearly 5.7 Those ACH debit and credit transactions marked a 5.9

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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.” In the U.S.

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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.

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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. In the U.S.,

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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.,

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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.

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PYMNTS

SEPTEMBER 23, 2016

Same Day ACH Is Here. But in less than 18 months after NACHA members approved Same-Day ACH functionality for all of the banks in the U.S., But in less than 18 months after NACHA members approved Same-Day ACH functionality for all of the banks in the U.S.,

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PYMNTS

OCTOBER 8, 2018

Rails and railroads, Buffet wrote in Berkshire’s 2016 Annual Letter, are four times as fuel efficient as trucks , requiring only a single gallon of diesel fuel to move a ton of freight 500 miles. ACH rails now settle same-day, three times a day. He began investing in them long before he bought one.

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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.

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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. In the case of Same Day ACH in the U.S., The tactic is relatively simple.

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PYMNTS

APRIL 5, 2018

The volume of same-day automated clearing house (ACH) transactions is expected to rise over the coming months. According to a NACHA survey , 82 percent of financial institutions surveyed anticipate that Same Day ACH debit volume will grow at a rapid or steady rate.

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PYMNTS

MARCH 5, 2018

Research from Atradius released in 2016 found that risks down the supply chain are 75 percent higher than they were pre-financial crisis. NACHA told PYMNTS’ Karen Webster that a survey found 0 percent of financial institutions reported an increase in fraud due to Same Day ACH. In the U.S.,

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PYMNTS

MAY 4, 2017

According to recent data , the Same Day ACH offering was used to make 1.8 billion in Q4 2016, the first full quarter of Same Day ACH Credit availability. The PYMNTS Faster Payments Tracker™ , powered by NACHA, is your go-to resource for staying up-to-date on a month-by-month basis.

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PYMNTS

JANUARY 2, 2017

In 2016, the PYMNTS.com Tracker series kept tabs on practically everything within the payments and commerce ecosystem, from A to Z (that’s ACH transfers to Ziosk). As the year opened, our inaugural Faster Payments Tracker™ looked at the looming arrival of the new Same Day ACH. DEVELOPER TRACKER.

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PYMNTS

SEPTEMBER 30, 2016

NACHA just launched Same Day ACH – the only faster ubiquitous payments play in the U.S. As of 2016, approximately a fifth of the world’s population resides in India — about 1.33 After a lot of quiet hype, 2016 was the year that the volume went up on the India buzz, and now, it’s not just hot, but sizzling.

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Fintech Labs Insights

OCTOBER 16, 2016

The company reports that between April 2015 and April 2016, retailers who have transitioned to EMV experienced a 54% decrease in counterfeit fraud. Ready, set, ACH. As of September 30, a new rule from NACHA requires all banks to process incoming same-day ACH credits. Sibos 2016 Celebrates the Blockchain.

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PYMNTS

MAY 10, 2018

Separate analysis from the Association for Financial Professionals concluded corporate payments fraud hit record levels in 2016. When NACHA introduced Same Day ACH in the U.S., the service facilitated nearly 2 million transactions in its first 11 days.

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