Remove ACH Network Remove Central Bank Remove NACHA
article thumbnail

How Visa, FIS, TCH, SWIFT, Nacha and Circle See The Future of Faster, Real Time Payments Rails

PYMNTS

Panel members included Russ Waterhouse , EVP at The Clearing House; Mike Kresse , SVP card and money movement at FIS; Jane Larimer , CEO at Nacha; David Scola , chief executive, Americas and UK at SWIFT; and Jeremy Allaire , CEO at Circle. Moving Beyond ACH . There need to be governance models.

article thumbnail

B2B Innovators Explore The New Payment Rail Combinations

PYMNTS

The Central Bank of Iceland has rolled out its real-time gross settlement system and instant payment platform, recent reports said. Nacha Drives Corporate ACH Adoption. Nacha is rolling out a new resource center designed to help corporates embrace the ACH Network. Iceland Debuts Instant Payments.

B2B 88
article thumbnail

Fed Seeks Comment On New Operating Hours For Fedwire Funds

PYMNTS

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.

FedWire 51
article thumbnail

B2B Use Cases Drive Up Real-Time Demand

PYMNTS

"Most of our first RTP use cases are companies who want to get payments to workers and suppliers faster," said First Bank assistant vice president Ajay Kothuri. B2B Drives ACH Volume Up. The latest figures from the ACH Network show a surge in B2B payments volume on the payment rail, new data from Nacha revealed.

article thumbnail

Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

And finally, that the banks and the card networks are the big losers. 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. TCH is the association of the 25 largest banks in the U.S.,