PYMNTS

SEPTEMBER 14, 2018

ACH Network volume surpassed 2 billion transactions in August, an increase of more than 10 percent compared to the previous year. NACHA — The Electronic Payments Association said the value of the payments was $4.5 This impressive growth demonstrates that businesses and consumers are choosing to use ACH payments.”.

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NACHA ACH Same Day ACH Volume 49

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

NOVEMBER 2, 2018

NACHA – The Electronic Payments Association – announced Thursday (Nov. 1) that automated clearing house (ACH) payments totaled more than 5.6 billion in the third quarter of 2018, a 6.7 In a press release , NACHA said the performance was driven, in part, by business-to-business (B2B) and online payments.

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PYMNTS

JANUARY 29, 2019

During the fourth quarter of 2018, ACH Network volume saw more growth than it has in the last decade, according to the National Automated Clearing House Association (NACHA), which noted same-day ACH payments also reached a new level. billion ACH payments happened in Q4 last year, including 3.5

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PYMNTS

NOVEMBER 10, 2017

Same-day ACH: Some encouraging stats from joint research from NACHA and PYMNTS. Some 14 months since launch, and among 125 FIs surveyed, 66 percent are making same-day funds available. About 75 percent of firms plan to offer same-day ACH credit origination to their business customers by the end of 2018.

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PYMNTS

MARCH 18, 2019

First, there was the Fed’s decision to slow faster payments progress via Same Day ACH because it wasn’t ready to approve another processing window during the day. The regulator notified NACHA that they need more time to evaluate required changes to their system before giving it the green light.

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Faster Payments Fed RTP Same Day ACH 80

PYMNTS

MAY 10, 2019

13, 2018, NACHA , the rules and standards body for the ACH network, announced that its voting members had approved amendments to the NACHA Operating Rules & Guidelines to establish a third Same Day ACH processing and settlement window,” the Federal Reserve wrote in the announcement.

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PYMNTS

APRIL 22, 2020

Traditional ACH takes a few days to process, meaning it simply wouldn’t feasible for a company to run payroll and push out wages every day, even if it wanted to. kicked off its Same Day ACH functionality, which Ross said became a major launching pad for capabilities to offer early wage access solutions.

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PYMNTS

FEBRUARY 4, 2019

Twenty-five of them were operational worldwide in 2017, and that number had swelled to 40 by September 2018, with 16 more expected to debut by 2020. billion in 2018 to $26.9 billion in 2018 to $26.9 That share rose to 62 percent in 2018, according to the Mercator Advisory Group’s “U.S. billion by 2023 — a CAGR of 30.9

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Faster Payments Federal Reserve Real Time Payments TCH 73

PYMNTS

JANUARY 31, 2019

NACHA recently released new figures on ACH network volume, revealing earlier this week that Same-Day ACH volume grew 46 percent between Q4 2017 and Q4 2018, surpassing 50 million transactions for the first time. demand for faster payment capabilities, too. demand for faster payment capabilities, too.

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Faster Payments Money Laundering Same Day ACH AML 73

PYMNTS

DECEMBER 13, 2017

It has been 14 months since the first phase of Same Day ACH credits debuted, and in numbers via a joint study by PYMNTS and NACHA, business origination of Same Day ACH credit has been significant, with clear trends in place that show healthy use and demand.

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PYMNTS

JANUARY 15, 2018

That’s one trend we’ll see a lot more of [in 2018].” Last June, NACHA and the Credit Research Foundation said that at present, paper checks make up half of B2B transactions received in the accounts receivable department; ACH accounts for less than a third.

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PYMNTS

SEPTEMBER 21, 2018

Augmented reality (AR) and virtual reality (VR) have spent much of 2018 generating buzz as a potential tool for retailers looking to bridge the digital/physical gap and deliver an all-encompassing, omnichannel shopping experience. Same-day ACH: NACHA expanded the offering to all FIs and customers, and expanded a number of service offerings.

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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

JUNE 25, 2018

Such reports come at a time of ACH growth. ACH debit and credit transactions totaled nearly 5.7 billion in the first quarter of 2018, according to the latest figures from NACHA , the Electronic Payments Association. Those ACH debit and credit transactions marked a 5.9 According to the NACHA figures, 1.4

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PYMNTS

MAY 16, 2019

In all of 2018, there were 27 billion ACH payments, with roughly $51 trillion in value that moved across the network. In February 2019, there was a daily record set, when the volume was past 100 million ACH payments per day. That’s especially true in B2B payments, where the numbers show 9 percent growth year over year.

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PYMNTS

NOVEMBER 6, 2018

Recently, NACHA — The Electronic Payments Association approved three new rules to update Same Day ACH services. The network processed $28 billion in payments during Q2 2018 and can expect that traffic to rise as it adds new participants. Even as the U.S.

Faster Payments 53

Faster Payments Real Time Gross Settlement (RTGS) Same Day ACH Cross-Border Payments 53

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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Payroll Faster Payments Direct Deposit Same Day ACH 53

PYMNTS

OCTOBER 11, 2018

NACHA found B2B payments made up 6 percent of the nearly two million same-day ACH transactions that occurred in the first 11 days the service went live. With companies paying suppliers on strategic schedules, real-time transactions aren’t always necessary — or beneficial — for the B2B payments space. In the U.S.,

Faster Payments 60

Faster Payments Economy Real Time Payments Online and Mobile Banking 60

PYMNTS

FEBRUARY 6, 2018

59 percent | Portion of corporations that plan to increase their use of SDA credits in 2018, according to findings from a recent Corporate Survey, a National Automated Clearing House Association (NACHA) collaboration. Here are the numbers: 483 million | Number of domestic business trips the U.S.

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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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Faster Payments Business Email Compromise Treasury Real Time Payments 56

PYMNTS

MAY 10, 2018

Separate research from TD Bank and Strategic Treasurer published last month found that businesses will focus their innovative efforts in payments around security, as 74 percent said they view the increase in cyber fraud as a growing concern for 2018 and beyond. When NACHA introduced Same Day ACH in the U.S.,

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B2B Security Faster Payments Payments 46