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

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

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

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NACHA ACH Checks Push-to-Card 40

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. bank account would be able to securely receive real-time payments by 2020. . Meanwhile, NACHA called for continued attention on faster ACH’s value. billion in 2018 to $26.9

Faster Payments 73

Faster Payments Federal Reserve Real Time Payments TCH 73

Stax

NOVEMBER 11, 2024

In fact, NACHA, the nonprofit that governs the ACH payments network reported 6.1% According to NACHA, most ACH transfers process the same or next-day. In 2020 there was an average of 1.4 A recent study by the Better Business Bureau states that fraud and identity theft rose by 45% from 2019 to 2020.

ACH 88

ACH Checks Identity Theft Payments 88

PYMNTS

MARCH 18, 2019

Connecting these two dots suggests a few important things that, for banks and card networks, might be the 2020 hindsight that could have come in handy had they stopped to look backwards a few years ago: That the Fed has much more than a passing interest in how faster payments are run in the U.S. A Couple of Important Dots.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

OCTOBER 16, 2020

How Visa, FIS, TCH, SWIFT, Nacha And Circle See The Future Of Faster, Real-Time Payments Rails . NEW DATA: How We Will Pay 2020: With Connected Devices, At Home And During The Week. Trackers and Reports.

Instant Payments 95

Instant Payments Card Issuer Online and Mobile Banking Federal Reserve 95

PYMNTS

JULY 31, 2019

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. Using PayPal can help claimants get reimbursement faster, many times on the same day the payment is issued by Travelers.

PayPal 65

PayPal Same Day ACH Cross-Border Payments Cross-Border 65

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. TO DOWNLOAD THE NOVEMBER EDITION OF THE PYMNTS FASTER PAYMENTS TRACKER™ , POWERED BY NACHA, CLICK THE BUTTON BELOW. .

Boot Camp 50

Boot Camp FS-ISAC NACHA Faster Payments 50

PYMNTS

DECEMBER 7, 2017

The December edition of the PYMNTS Faster Payments Tracker , powered by NACHA, examines the latest efforts to bring faster payments technology and capabilities to the United States. . The group’s goals include faster payments ubiquity by 2020. And, now that the U.S. News from around the world of Faster Payments. About the Tracker .

Faster Payments 46

Faster Payments Federal Reserve Fed NACHA 46

PYMNTS

JANUARY 15, 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. Further, in NACHA’s most recent update on same-day ACH volume – which found $87.1

B2B 55

B2B Innovation Same Day ACH NACHA 55

PYMNTS

MARCH 6, 2018

11 percent | Percentage of commercial credit and debit card payments that come into AR, according to a National Automated Clearing House Association (NACHA) survey. Respondents told NACHA they expect cards to hold 12.5 percent of payment volume by 2020.

Risk 40

Risk NACHA Cash Management Debit Card 40

PYMNTS

APRIL 24, 2020

The latest figures from NACHA revealed a 7.1 percent year-over-year increase in ACH transaction volume for the first quarter of 2020, with B2B payments adoption accelerating even faster, posting an 11.7 Yet ACH volume is on the rise, and that includes in the B2B payments context. ” Accelerating ACH Innovation.

ACH 64

ACH Governance Government G2B 64

PYMNTS

SEPTEMBER 19, 2019

and is expected to be more widely used than traditional payment methods, like checks, by 2020,” the company wrote, citing data from National Automated Clearing House Association (NACHA). “ACH debit is becoming an increasingly popular choice for B2B payments in the U.S.

ACH 51

ACH B2B NACHA Debit Network 51

PYMNTS

MARCH 6, 2018

NACHA released a survey last year that found while ACH payments currently account for 32 percent of payments received by accounts receivable professionals, the AR industry expects ACH to surpass paper checks by 2020, accounting for up to 45 percent of payments received. percent of payment volume by 2020.

ACH 46

ACH NACHA Commercial Card B2B 46

PYMNTS

DECEMBER 12, 2018

Indeed, research released from NACHA last year found that suppliers are expecting this, too. 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. That same NACHA report predicted that only 12.5

Commercial Card 56

Commercial Card ACH B2B Checks 56

PYMNTS

DECEMBER 8, 2017

The report laid out strategies for fostering a ubiquitous, secure, faster payments ecosystem by 2020. Theien called the 2020 deadline an “ambitious but achievable goal,” and noted that the group was highly motivated to meet it. “By Path to Faster Payments: A Call to Action.” and implementing the work of the initial Task Force.

Fed 40

Fed Federal Reserve Faster Payments NACHA 40

PYMNTS

SEPTEMBER 11, 2017

Research from NACHA found accounts receivable professionals expect cards to account for 12.5 percent of total payment volume by 2020, a small increase from the 11 percent for which credit and debit cards currently account.

B2B 66

B2B Commercial Card Payments ACH 66

PYMNTS

NOVEMBER 6, 2018

By September of this year, 40 such rails were live, with 16 more expected to launch by early 2020. Recently, NACHA — The Electronic Payments Association approved three new rules to update Same Day ACH services. Last year, only 25 real-time payment systems were operational worldwide — that number is growing rapidly. Even as the U.S.

Faster Payments 53

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

PYMNTS

MARCH 9, 2020

Digging into the March 2020 B2B API Tracker® , powered by Red Hat , we discover that legacy banks and traditional financial institutions (FIs) are now streaming into the open banking and API spaces with a true sense of urgency and purpose. That just seems so… last year. Keeping Eyes on Your APIs .

API 56

API Business Payments Payment APIs and Integration Phixius 56

PYMNTS

NOVEMBER 26, 2018

Accounts receivable executives surveyed by the National Automated Clearing House Association (NACHA) last year do indeed expect an increase in payments received via commercial cards, but the payment rail will still hold only an estimated 12.5 percent of incoming payments volume for B2B vendors by 2020 — up just 1.5

Commercial Card 68

Commercial Card B2B Small Business Push-to-Card 68

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. billion payments in Q3, marking a 9 percent rise over the same timeframe last year, according to Nacha.

ACH 40

ACH Cybersecurity Fincen Travel Rule 40

PYMNTS

FEBRUARY 26, 2018

11 percent | Percentage of accounts payable transactions that are paid by credit or debit cards, according to data from the National Automated Clearing House Association (NACHA). percent by 2020. As a percentage of adults, those market share numbers roll out to Apple at 33 percent, Samsung at 22.8 percent and Android at 40 percent.

Accounts 40

Accounts Debit Card NACHA Verification 40

PYMNTS

JUNE 30, 2017

A recent survey from NACHA released earlier this week found that today, accounts receivables executives said paper checks make up about half of the payments they receive (compared to ACH, which accounts for about a third). The analysis predicted ACH will account for 45 percent of B2B payments by 2020, while checks will decline to 34 percent.

ACH 61

ACH Checks Small Business Same Day ACH 61

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.

ACH 46

ACH Same Day ACH B2B NACHA 46

PYMNTS

SEPTEMBER 11, 2018

It is teaming up with NACHA – The Electronic Payments Association to make this happen. Boston, Massachusetts-based auto, home and business insurer Safety Insurance said it will roll out Same Day ACH payment capabilities for insurance claims.

Same Day ACH 40

Same Day ACH NACHA Instant Payments On-Demand 40

PYMNTS

OCTOBER 31, 2017

A recent survey from NACHA found that AR executives know this shift is in the works. The report, which was released in June, found accounts receivable professionals expect ACH payments to make up 45 percent of the payments they receive by 2020, while paper checks will decrease, accounting for 34 percent of payments received.

Treasury Management 41

Treasury Management Treasury Remote Deposit Capture Disputes 41

PYMNTS

JULY 27, 2017

In an often-cited report released by NACHA last month, accounts receivables executives said they are gearing up for ACH payments to over take paper checks when it comes to how their business customers pay.

ACH 40

ACH Checks Payments B2B 40

PYMNTS

AUGUST 12, 2019

NACHA had this problem cracked when it launched Same-Day ACH, because its members all agreed to support it. They also expect they will have nearly all banks on board by the end of 2020. Since then, it has gotten 11 of its 26 member banks on board, which it claims represents some 51 percent of deposits in the U.S.

Real Time Payments 78

Real Time Payments FedNow TCH Fed 78

FICO

APRIL 29, 2022

Nearly 18 million Americans were defrauded through scams involving digital wallets and person-to-person apps in 2020, according to Javelin Strategy & Research, an industry consultant. 04%), NACHA officials say business email compromise attempts are on the upswing – just as they are across every channel.

Retail Payments 52

Retail Payments Zelle Consumer Romance Scams 52

PYMNTS

SEPTEMBER 30, 2016

NACHA just launched Same Day ACH – the only faster ubiquitous payments play in the U.S. Early Warning aka Zelle is adding more banks and doing deals with the networks. Speaking of the networks, there’s Mastercard and Vocalink, not to mention Visa Direct and its work with PayPal, Fiserv and Square.

CFPB 69

CFPB Online and Mobile Banking Bots Same Day ACH 69

Nanonets

MAY 30, 2023

ePayments offer features like contactless payments, which have their own merits – contactless payments are increasingly being practiced since the break of the pandemic in 2020.  ACH is the bank-to-bank transfers that are aggregated and processed in batches through the Automated Clearing House network, run by NACHA.

Payment APIs and Integration 52

Payment APIs and Integration Credit Cards Online and Mobile Banking Payment Reconciliation 52

PYMNTS

JANUARY 2, 2017

million transactions conducted over the course of October, with an average transaction value of more than $1,000, NACHA reported. billion by 2020. Meanwhile, Worldpay expects worldwide eCommerce to increase by 104 percent by 2020. That large sum was the result of 3.8 But what if there were other, “sexier” solutions?

ACH 49

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

PYMNTS

JULY 18, 2017

One-third said they predict paper checks will die within five years , a finding that coincides with separate research from NACHA and the Credit Research Foundation that found ACH B2B payments are expected to finally surpass paper checks by 2020.

B2C 41

B2C B2B Payments Trends Direct Deposit 41

Fintech Labs Insights

DECEMBER 2, 2024

Event Location Start End Attendees* Speakers* Began Banking Tech Awards London 4-Dec-24 4-Dec-24 500 1999 Fintech Connect London 4-Dec-24 5-Dec-25 2,000 180 2013 Consensus Asia by Coindesk Hong Kong 18-Feb-25 20-Feb-25 2025 Future Digital Finance by WBR New Orleans 24-Feb-25 25-Feb-25 2001 FinovateEurope London 25-Feb-25 26-Feb-25 1,000 150 (..)

FinTech 22

FinTech NOV NACHA Automation 22