PYMNTS

SEPTEMBER 19, 2019

rollout comes as GoCardless opens up its ACH recurring debit payment service, allowing companies to use its platform to allow consumers to make recurring ACH payments instead of using credit cards to pay. ACH debit is becoming an increasingly popular choice for B2B payments in the U.S.

ACH 51

ACH B2B NACHA Debit Network 51

FICO

JULY 28, 2021

If your institution saw an increase in ACH transactions last year, you’re not alone. NACHA, the payments clearing house through which ACH transactions flow, reported a banner year in 2020, posting an 8.2% Additionally, ACH internet transactions rose 15% from 2019 to 2020. increase in volume and a 10.8%

NACHA 52

NACHA ACH Scams Account Validation 52

Finovate

DECEMBER 24, 2024

Headquartered in Charlotte, North Carolina, and founded in 2020, Infinant came to the attention of Finovate audiences courtesy of FinovateFall 2024.

Security 64

Security FedNow Wire Wires 64

The Paypers

JANUARY 25, 2021

The ACH Network has shown strong growth in the final quarter of 2020, with 7 billion payments made, an increase of nearly 9% from a year earlier.

ACH Network 36

ACH Network ACH Payments 36

Agile Payments

MARCH 15, 2020

With 79% of consumers expecting local service providers to offer same level service as national brands, an electronic payments system that handles credit cards/ACH payments is a necessity in 2020.

ACH 88

ACH Credit Cards Payments Service Provider 88

Agile Payments

MARCH 17, 2020

More than 3/4 of consumers expect local service providers to offer the same degree of service as national brands, which simply makes having an electronic payments system that handles credit cards/ACH payments necessary in 2020.

ACH 88

ACH Payments Credit Cards Volume 88

PYMNTS

JULY 14, 2017

A survey released by NACHA last month, along with the Credit Research Foundation, found that AR professionals are experiencing an uptick in the number of payments they receive via ACH, while check payments appear to be going down. At the same time, ACH is expected to make up 45 percent of payments, with increases in card payments, too.

ACH 46

ACH Same Day ACH B2B NACHA 46

PYMNTS

JUNE 28, 2017

Accounts receivable professionals are preparing for paper checks to decline and automated clearing house (ACH) payments to rise, according to a new report by the National Automated Clearing House Association (NACHA) and the Credit Research Foundation (CRF). The same professionals also predict cards will hold at 12.5 ”

NACHA 40

NACHA ACH Checks Push-to-Card 40

Finextra

JUNE 14, 2025

Through acquisitions and technology investments, Mastercard now connects to ACH and real-time bank transfer systems , open banking networks, payment gateways, and other platforms. It also bought Finicity in 2020 to build out open banking capabilities, enabling account-to-account data sharing and payments.

Visa 52

Visa Gateways AI Value Added Service 52

PYMNTS

NOVEMBER 27, 2020

Consumers have meanwhile transitioned even more toward payment solutions that allow them to send or receive money in real time, with P2P apps like Zelle and Venmo reporting jumps in user activity during the first half of 2020. percent during Q3 2020. Businesses are joining consumers in stepping up their use of P2P and mobile payments.

Real Time Payments 106

Real Time Payments P2P B2B Zelle 106

PYMNTS

DECEMBER 30, 2020

With trade shows canceled and enterprise digitization accelerated, 2020 was a big year for the adoption of B2B eCommerce. But looking ahead, it is no longer enough for B2B sellers to merely offer card or ACH payment acceptance at the digital point of sale. The Rise of the Marketplace.

B2B 121

B2B Embedded Finance Finance On-Demand 121

PYMNTS

OCTOBER 1, 2020

And while adoption among consumers has been very gradual, adoption has been even slower among microbusinesses, according to the report, with the adoption rate for such disbursements among these businesses only at about 8 percent as of 2020. Fast Fact No. 2: Payors think they offer receivers a choice for how they want to receive a payment.

Instant Payments 122

Instant Payments Payee Same Day ACH Non-Bank 122

PYMNTS

APRIL 21, 2020

NACHA Notches ACH Growth. The most recent figures for ACH adoption released by NACHA were promising, with the ACH Network recording a 7.1 percent year-over-year increase in transaction volume for the first quarter of 2020. B2B payments in particular saw an 11.7 percent increase, notching 1 billion transactions in Q1.

NACHA 82

NACHA Correspondent Bank Real Time Payments Push-to-Card 82

PYMNTS

AUGUST 7, 2020

PYMNTS’ July 2020 Reinventing B2B Payments Report done in collaboration with American Express looks at the AR and AP automation space from the perspective of businesses in recovery mode. It’s time for a solid path to AP modernization, and the industry gets it. It’s time for a solid path to AP modernization, and the industry gets it.

Automation 72

Automation Accounts ACH B2B 72

PYMNTS

DECEMBER 2, 2019

The Federal Reserve Board has approved a new fee schedule for payment services in 2020 that is overall 2.4 The 2020 private-sector adjustment factor (PSAF) of $18.9 percent higher than 2019, the Fed announced in a press release on Wednesday (Nov. The new payment services fees go into effective on Jan. percent for check services , 3.7

Federal Reserve 40

Federal Reserve FedWire FedLine FedACH 40

PYMNTS

SEPTEMBER 15, 2020

The new rule comes at a time when Nacha has reported that ACH payments have become increasingly popular, perhaps not a surprise as more transactions and commerce move online. As to why the account validation rule is particularly timely, Johnson said, “Nacha's goal with this change is to clean up the ACH system.

NACHA 69

NACHA Verification Accounts Account Validation 69

The Paypers

MARCH 23, 2020

The dollar limit per payment, for Same Day ACH, quadrupled to USD 100,000 on March 20, 2020.

Same Day ACH 31

Same Day ACH ACH Payments 31

Clearly Payments

NOVEMBER 6, 2024

market’s total transaction volume in 2023 was over $10 trillion, encompassing credit and debit card transactions as well as Automated Clearing House (ACH) payments. trillion 2020 $3.8 Total Transaction Volume : The U.S. Credit Card Transaction Volume : Credit card payments specifically accounted for around $5.6 trillion 2019 $4.0

Process 105

Process ISOs Credit Cards Online and Mobile Banking 105

PYMNTS

JULY 15, 2020

The following is an excerpt from How 35 Execs Are Powering The Great Digital Shift Of 2020 (And Beyond) , contributed by Nandan Sheth, senior vice president, head of global digital commerce at Fiserv. How these transformations materialize will define the second half of 2020.

On-Demand 94

On-Demand Use Case Contactless Payments Innovation 94

PYMNTS

JUNE 25, 2020

Modernization of claims payments is a key theme of the June 2020 Digitizing B2B Payments Tracker®: Taking the Paper Check Digital , done in collaboration with Deluxe. We have been working closely with large P&C insurance carriers to uniquely meet their needs and [those of] their policyholders,” Reuter said. billion profit. “The

Checks 100

Checks B2B Digital Payments Innovation 100

PYMNTS

DECEMBER 9, 2020

Not all that long ago, the hallmark of progress in the back office came as check systems and ACH systems were linked to create biller efficiencies. billion transactions across 16 card-based networks, 65 domestic ACH schemes, 7 RTP schemes and five payment gateways. Using Technology To Solve Key Use Cases. The Rails Stretching Ahead.

Use Case 134

Use Case B2B Cross-Border Payments Cross-Border 134

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. billion by 2020. FASTER PAYMENTS TRACKER.

ACH 49

ACH Online and Mobile Banking Cross-Border Same Day ACH 49

PYMNTS

OCTOBER 28, 2020

Customers can now access Oracle’s Regulatory Reporting and Transaction Monitoring apps, with the Customer Screening and Know Your Customer (KYC) functions forecasted to be available prior to the conclusion of 2020. Surge in Commercial Payments Pushes ACH Payments Volume up 9 Pct in Q3. To that end, the ACH Network saw 6.8

ACH 40

ACH Cybersecurity Fincen Travel Rule 40

PYMNTS

MAY 10, 2019

In a new PYMNTS interview, David Barnhardt, executive vice president of product at GIACT , which offers fraud detection and account validation tools, talks about an upcoming change by NACHA, national administrator of the ACH network, to make internet-initiated debit transactions (WEB debits) safer and more seamless. New NACHA Rule.

Nacha Rules 71

Nacha Rules NACHA Rules Account Validation 71

PYMNTS

DECEMBER 12, 2018

ACH has often been assumed to be the payment rail poised to take over paper checks as the dominant rail in B2B payments. Accounts receivable executives told researchers that they anticipate ACH to make up 45 percent of the payments they receive by 2020, while checks will decline to 34 percent.

Commercial Card 56

Commercial Card ACH B2B Checks 56

PYMNTS

DECEMBER 4, 2020

Data: 3.2M : Number of applications for employee identification numbers in 2020. 39% : Share of holiday shopping that will happen online in 2020. 25% : Share of B2B transactions handled by checks, ACH transfers and cash advances pre-COVID. 20-30 : Number of years that out-of-pocket healthcare costs have been on the rise.

B2C 56

B2C ACH B2B On-Demand 56

PYMNTS

NOVEMBER 19, 2020

With all of the problems and challenges 2020 has thrown at us, the last thing anyone needs is a nagging perceptual rift between payees and payers about what “instant” means. The] majority of payments are received via old-school methods, including three- to five-day ACH, checks and cash. Yet, there it is. An average of 50.1

Instant Payments 94

Instant Payments Non-Bank Payer Payments 94

PYMNTS

SEPTEMBER 7, 2020

The year 2020 began inconspicuously — but in a few short weeks, everything changed. For the corporate card, 2020 has been a season for dramatic shifts in how the payment tool is used and the value it adds to the enterprise. It’s a shift that will almost certainly continue into the autumn and winter months towards the closure of 2020.

Commercial Card 98

Commercial Card Push-to-Card Small Business Card Issuer 98

PYMNTS

JUNE 12, 2019

Payees, in turn, elect to receive funds via a one-time use virtual card or ACH transfer, safeguarding their information and enjoying fast, seamless transactions.”. In addition to Bento Pay, the company also offers virtual and debit cards, real-time payments and ACH transfers. Ahmad said Bento Pay simplifies the digital payment process.

Digital Payments 65

Digital Payments Payment Solutions Payee Real Time Payments 65

PYMNTS

MAY 7, 2020

reported a net loss of $402 million for the first quarter of 2020. Digital betters are not likely to be satisfied waiting five days for an automated clearing house (ACH) settlement or even paper checks sent through the mail, which is a challenge that U.S.

ACH 84

ACH Checks Settlement On-Demand 84

PYMNTS

OCTOBER 20, 2020

For payment types other than credit, one common theme dominates 2020: The culture of immediacy. That expectation carries over to payments, he said. Increasingly, speed is not just a preference.

Credit Union 107

Credit Union Online and Mobile Banking Push-to-Card Debit Card 107

PYMNTS

AUGUST 12, 2019

Senator Elizabeth Warren asks in a campaign ad, ignoring the fact that 93 percent of working Americans have their checks directly deposited into their bank accounts – ready for use on payday – using the ACH network. Ironically, perhaps, the ACH network’s first direct deposit use case was the U.S.

Real Time Payments 78

Real Time Payments FedNow TCH Fed 78

PYMNTS

SEPTEMBER 23, 2019

The phase 1 implementation of the ISO 20022 migration strategy that was scheduled for November 2020 is being postponed by the Federal Reserve Bank, the U.S. This is the biggest infrastructure upgrade embraced by the Federal Reserve since the ACH system went online in 1972. central bank said in a press release on Monday, Sept.

ISO 20022 76

ISO 20022 Federal Reserve ISOs FedWire 76

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. Last week, NACHA issued an ACH operations bulletin announcing the delay of the rollout of a third Same Day ACH (SDA) processing window by six months, to March 19, 2021.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

FICO

AUGUST 26, 2021

By 2020, TJ was teaching his parents how to Zelle , an adoption curve reflected in an astonishing growth statistic: 13% of consumers used Zelle in 2020 , up from a mere 1% in 2017. . The second most popular app, Venmo, was used by 14% of consumers in 2020. Still, the US market lags in real-time payments size and adoption.

Real Time Payments 52

Real Time Payments Zelle Federal Reserve Wire Transfer 52

PYMNTS

APRIL 7, 2020

The 2020 Association for Financial Professionals (AFP) Payments Fraud and Control Survey underwritten by JPMorgan found that business email compromise (BEC) was the most noted origin of tried or actual fraud incidents in 2019, according to an announcement. ACH payment methods also seem to be of greater interest to scammers.

Business Email Compromise 61

Business Email Compromise Email Compromise AFP Compromise 61

PYMNTS

AUGUST 20, 2020

It’s a solution designed to enhance the ACH rail, and with Visa joining as an earlier adopter of the solution, the company said it will wield the technology to add value to its B2B payment services.

RTP 101

RTP Phixius FPC NACHA 101