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

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 Upwards of 5.9

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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. “On Sept.

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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

NOVEMBER 2, 2018

1) that automated clearing house (ACH) payments totaled more than 5.6 billion in the third quarter of 2018, a 6.7 billion in the second quarter of 2018, a 6.2 NACHA – The Electronic Payments Association – announced Thursday (Nov. percent increase from the third quarter of last year.

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PYMNTS

DECEMBER 24, 2018

It may seem like 2018 was the year of the fraudster, of bad guys and gals acting in concert to steal money, steal privacy and use data for any number of gains. And as Karl Schamotta, chief market strategist at Cambridge Global Payments, told us of volatility: “It’s sort of the new normal and the old normal at the same time.”

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PYMNTS

SEPTEMBER 14, 2018

In addition, business-to-business (B2B) ACH payments grew by more than 13 percent and comprise 16 percent of ACH Network volume. ACH has seen its share of growth over the past year. billion in the second quarter of 2018 alone, a 6.2 More people than ever before are enjoying the benefits of Same Day ACH,” Larimer added. “As

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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. and one of two operators of the ACH network in the U.S., NACHA reported that in Q4 2018, SDA volume hit 51.3 A Couple of Important Dots.

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PYMNTS

MARCH 19, 2019

Data: March 19, 2012: Expected rollout date for a third Same-Day ACH (SDA) processing window. million: SDA transaction volume in Q4 2018. percent: Q4 increase in B2B transactions via the ACH network. Speaking of faster payments: Does the U.S. Federal Reserve have a hidden agenda?

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PYMNTS

DECEMBER 13, 2017

In an age where faster is a hallmark of, well, everything, it follows that the same should be true of payments. Said Herd, additional findings reveal that there are some institutions that would like to offer Same Day ACH to their customers, but the processors or vendors that they rely on haven’t enabled it yet.

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PYMNTS

APRIL 26, 2019

27 billion: Total ACH volume in 2018. consumers who can access Same-Day ACH and card rails. Data: 75 Percent: Share of consumers who say they prefer faster payments. 95 Percent: Share of U.S. 85 Percent: Share of gig economy workers who would work more often if they could get paid faster.

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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 5, 2020

Payments on the ACH Network reached a 12-year high in 2019, with 24.7 percent over 2018. trillion, up almost 9 percent from 2018. While RTP emerged as a new payment rail to address payment friction, NACHA’s Same Day ACH is helping to accelerate the adoption of the rail. billion payments, up 7.7

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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 1, 2020

percent as of 2018. Consumers might not recognize similar payment options as distinct from each other, like standard ACH and same-day ACH. Although that slice of the disbursement pie is small, that figure also shows growth in the segment. According to the data, that’s up from 12.8 percent in 2019 and 9.5

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PYMNTS

AUGUST 14, 2018

Nearly two years after its launch, Same Day ACH (SDA) credits are being used by nearly half of businesses and government agencies (that’s not bad for the only ubiquitous faster payments network in the U.S. Same Day ACH Users. Digital payments, including Same Day ACH, continue to grow.

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PYMNTS

MARCH 9, 2020

The federal government deliberated in 2018 and 2019 over developing its own real-time payment system, FedNow , to compete with RTP. A successful new rail] couldn’t just be something that’s a little faster than same-day ACH,” he explained. Motivation is especially important in the U.S.,

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PYMNTS

SEPTEMBER 7, 2018

21 million: The number of same-day ACH transactions processed in Q2 2018. Which means keeping pace isn’t just about speeding up the payments, but also about staying ahead of the fraudster. billion: The estimated global value of the blockchain market by 2024. 5,700: The number of credit unions that use CO-OP.

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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

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 percent increase over last year’s first quarter.

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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.

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PYMNTS

AUGUST 14, 2019

million: Number of same-day ACH credit and debit payments made during the second quarter of 2019. 4 percent: Increase in transfers across Azerbaijan’s real-time gross settlement system between May 2018 and May 2019. 57 percent: Share of surveyed hourly workers who said early wage access would be very helpful.

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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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PYMNTS

DECEMBER 4, 2018

In fact, the number of Same Day ACH transactions rose by 192 percent in Q3 2018 over the same period from the previous year. The uptake of faster payment systems keeps going up — and up, and up.

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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. Meanwhile, Early Warning Services ’ Zelle network is also getting more robust.

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

PYMNTS

AUGUST 15, 2018

25,000: The transaction limit size for same-day ACH. 61 percent: Share of consumer spending using co-op credit cards during Prime Day. percent: Increase in credit union loan portfolios by May 2018. 870 million: Number of active users Alipay boasts. 13,000: The number of financial institutions in the U.S.

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PYMNTS

JUNE 24, 2019

According to the tracker, there was a 24 percent year-over-year increase in same-day ACH payment volume between Q1 2018 and Q1 2019, and the global real-time payments market is projected to increase by a 30.6 percent CAGR between 2018 and 2025. The gig economy’s functionality is tied to real-time payments.

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Real Time Payments RTP Faster Payments Payments 65

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 a statement, Nacha COO Jane Larimer said, “The [Q1] results show that the ACH Network is poised for another year of sustained growth. percent from the previous year. percent to 1.6

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PYMNTS

JUNE 7, 2019

consumers can now access same-day ACH, so the technology is there. According to CBRE, in 2018 online returns were forecast to reach $37 billion in value during the gift-giving season. Additionally, nearly half (44 percent) of U.S. On the other hand, almost all (95 percent) of U.S. It’s no small matter.

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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.

Payroll 53

Payroll Faster Payments Direct Deposit Same Day ACH 53

PYMNTS

MARCH 7, 2018

Same-Day ACH (SDA) is phasing into its final stage and, as recent PYMNTS research shows, it comes as 59 percent of corporations report plans to increase use of SDA credits in 2018. Over in the U.S.,

Same Day ACH 40

Same Day ACH Faster Payments Cross-Border Cross-Border Payments 40

PYMNTS

JUNE 21, 2018

In the “ 2018 B2B Payments & WCM Strategies ” report, Strategic Treasurer, Bottomline Technologies and Bank of America surveyed about 275 respondents to assess how corporate payment behavior is – or isn’t – changing. One-third said their payment rail of choice for faster transactions is Same-Day ACH.

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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.

Faster Payments 56

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PYMNTS

JULY 27, 2018

The California Consumer Privacy Act of 2018 moved very quickly from bill to law (in only one week), and analysts say the legislation could spark similar initiatives in other states. There are inklings of GDPR-like regulations in the U.S., namely in California , where similar data privacy legislation was passed earlier this month.

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PYMNTS

JUNE 27, 2019

According to the latest PYMNTS Faster Payments Tracker , Same Day ACH volume has seen a 24 percent increase year over year between the first quarter of 2018 and the first quarter of 2019. New faster payment initiatives are popping up around the world, from Saudi Arabia to Brazil to Australia. In the U.S.,

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