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Eftsure Joins Nacha as Preferred Partner to Strengthen ACH Payment Security

Trade Credit & Liquidity Management

Eftsure is designated as a Preferred Partner in three critical categories: Account Validation, Fraud Monitoring, and Risk and Fraud Prevention. This expansion empowers U.S. This partnership with Nacha bolsters finance teams’ ability to streamline and secure outbound payments with enhanced visibility, control, and trust.

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Walmart Taps Fiserv to Offer Pay by Bank

Finovate

Launched in 2014, Fiserv’s NOW Network aims to reach as many banks as possible to provide consumers and businesses the ability to send, receive, and access funds immediately while supporting credit push payments. The platform will facilitate authentication and securely link bank accounts.

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US Finds Its Faster Payments Future

PYMNTS

A lot of the fraudulent transactions surface when you’re doing direct debits, when you’re pulling money out of someone’s account,” he said. “It It needs to not be based on a debit pull, but instead, it’s a credit push transaction, so all transactions must be initiated by the sender.”. Around the Faster Payments world.

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Forty Is The New Faster (Payments)

PYMNTS

Same Day ACH and credit push was the first phase of a multi-phased effort to enable faster, more flexible and smarter payments to move between people and businesses. One thing to keep in mind for scheduled debit payments is that “same-day debits will never be debited from an account before it is scheduled,” Estep said.

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Breaking Down The Faster Payments Construct

PYMNTS

For example, Same Day ACH will move money between all bank accounts in the U.S. three times every day, supporting both debits and credits when fully deployed. In other countries, however, real-time payments have traditionally only supported credit or what are sometimes referred to as “push payments.”.

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FPC 2023 Fall Member Meeting

Faster Payments Council

Few use cases have the potential for growing volumes as do commerce payments yet paying a merchant with a credit push transfer isn't easy. This expert panel will discuss how criminals utilize these synthetic accounts and faster payments to commit fraud and hide the proceeds of fraud and other illicit activities.

FPC
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GIACT On Why Faster Payments Don’t Have To Mean Faster Fraud

PYMNTS

More than just thinking about it, he noted, they are taking steps to better insulate themselves and their customers, no matter what type of payment one is talking about — such as faster debit pulls or faster credit pushes. In the case of firms like insurance companies, both are relevant. That window is evaporating,” he noted.