PYMNTS

AUGUST 20, 2020

New research says businesses are eager to make the leap into real-time payments (RTP) — and to embrace new payment rails in their effort. A new survey from Citizens Bank says businesses are jumping into the real-time payments opportunity. Faster Payments Council Announces Board Advisory Group. This week, the U.S.

RTP

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. Driving faster payments forward. percent during Q3 2020.

Real Time Payments

PYMNTS

APRIL 21, 2020

PYMNTS looks at the latest initiatives that reflect how and why corporates and their payment service providers are shunning the status quo and embracing a payment rail switch-up. Deutsche Enables Faster Payments In Thailand. NACHA Notches ACH Growth. B2B payments in particular saw an 11.7

NACHA

PYMNTS

NOVEMBER 3, 2017

The November edition of the PYMNTS Faster Payments Tracker™ , powered by NACHA, examines the latest efforts by businesses and governments to make faster payments both more widely accessible and secure. faster payments system, the Federal Reserve named 27 members to its new Governance Framework Formation Team.

Boot Camp

Stax

NOVEMBER 11, 2024

ACH transfers, or payments made through the Automated Clearing House network, account for billions of dollars in payments annually. In fact, NACHA, the nonprofit that governs the ACH payments network reported 6.1% in payment volume growth in Q4 2021. In 2020 there was an average of 1.4

ACH

PYMNTS

DECEMBER 8, 2017

To ensure that transformation goes as smoothly as possible, the Federal Reserve is again bringing stakeholders together with a focus on an industry-designed governance framework that can support faster payments technology development. The Fed’s first effort came in the form of the Faster Payments Task Force.

Fed

PYMNTS

JANUARY 15, 2018

“Toward the end of this year, we started to see more of a shift in investment toward the B2B side,” said Reetika Grewal, Silicon Valley Bank’s head of payments strategy and solutions. Adoption of electronic payments seems buoyed at about 50 percent, according to research.

B2B

PYMNTS

JULY 31, 2019

Using PayPal can help claimants get reimbursement faster, many times on the same day the payment is issued by Travelers. The company expects to give PayPal access to workers’ compensation claimants in 2020. It is teaming up with NACHA – The Electronic Payments Association to make this happen.

PayPal

PYMNTS

JUNE 30, 2017

Part of that may be because paper checks are still so common among small businesses that payment service providers simply can’t afford to neglect SME demand for the rail. Indeed, NACHA’s survey found that accounts receivables professionals anticipate that in only three years, ACH will surpass checks as the top method by which they get paid.

ACH

PYMNTS

JULY 14, 2017

But while the underlying accounting infrastructure may be embracing technology, the payment itself remains slow, with paper checks still posing a major challenge both to AR professionals’ needs for faster payments and AP professionals’ needs for digitization.

ACH

PYMNTS

JANUARY 2, 2017

During these 12 months, the Trackers followed the biggest developments, news and headlines from around all segments of the payments ecosystem. It was a busy year throughout the world of payments, with plenty of new technology making headlines along the way. FASTER PAYMENTS TRACKER. billion by 2020.

ACH

PYMNTS

SEPTEMBER 30, 2016

Faster Payments. It’s not that real-time payments are bad or even a fizzle. NACHA just launched Same Day ACH – the only faster ubiquitous payments play in the U.S. And then there are all of the niche players with faster, real time and instant payments solutions for certain groups of consumers and businesses.

CFPB

PYMNTS

AUGUST 12, 2019

NACHA had this problem cracked when it launched Same-Day ACH, because its members all agreed to support it. As a result, Same-Day ACH volume has jumped dramatically in support of use cases for which faster access to funds are necessary: emergency and ad-hoc payments, including bill pay.

Real Time Payments