The Paypers

MAY 8, 2019

(The Paypers) NACHA has announced that the ACH Network’s number of payments in Q1 2019 increased 5.8% from 2018, and the daily average volume of payments increased 7.5%.

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NACHA

OCTOBER 16, 2024

17, 2024 – Same Day ACH volume soared 67.5% in the third quarter of 2024, and total ACH Network payment volume rose 7.4% million Same Day ACH payments in the third quarter; the value of those payments rose 38.8% These results are continued proof of the robust adoption of Same Day ACH. RESTON, Virginia, Oct.

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Trade Credit & Liquidity Management

JULY 9, 2025

Treasury Department, aims to transition all federal payments, such as Social Security benefits, tax refunds, and vendor payments, to electronic methods like ACH transfers. Photo by Money Knack on Unsplash ) Nacha , the organization overseeing the ACH Network, has strongly endorsed this executive order.

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PYMNTS

SEPTEMBER 4, 2017

NACHA, the Electronic Payments Association, announced Friday several staffing changes along with realignment of some responsibilities – efforts the overseer of the ACH network said would dovetail with new strategic directions. . Larimer had previously served as executive vice president of ACH network services and general counsel.

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PYMNTS

MARCH 27, 2017

George Throckmorton, managing director at NACHA, said the aim was to assess whether standardization would be able to address some particular pain points for users of the ACH Network — and offered insight into what’s next. . To demonstrate this challenge, he pointed to the ACH Network itself.

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PYMNTS

SEPTEMBER 14, 2018

ACH Network volume surpassed 2 billion transactions in August, an increase of more than 10 percent compared to the previous year. The ACH Network is thriving, and has achieved a milestone of more than 2 billion payments in one month,” said Jane Larimer, chief operating officer of NACHA.

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NACHA

SEPTEMBER 18, 2024

Strengthening risk management and combating fraud continue to be top priorities for Nacha and ACH Network participants,” said Jane Larimer, Nacha President and CEO. “We Sardine joins a select group of organizations as a Nacha Preferred Partner in the categories of Compliance, Fraud Monitoring, and Risk and Fraud Prevention.

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PYMNTS

DECEMBER 3, 2020

Corporate buyers continue to drive commercial card adoption in order to take advantage of capital float and rewards programs. Nacha Drives Corporate ACH Adoption. Nacha is rolling out a new resource center designed to help corporates embrace the ACH Network. CardUp Mixes Rails To Enable Card Payments.

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PYMNTS

MAY 16, 2019

Data from the ACH Network shows growth in payment volumes and values across a number of classifications. More generally, the network reported that the total number of payments was up 5.8 In all of 2018, there were 27 billion ACH payments, with roughly $51 trillion in value that moved across the network.

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PYMNTS

OCTOBER 10, 2016

NACHA offers an ISO 20022 Mapping Guide to businesses that enable them to send ISO formatted messages to financial institutions that can then move those payments and information through the ACH Network. The Road To Process Improvement. Innovation On Old Initiatives.

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PYMNTS

APRIL 21, 2020

“The jury is very much out, but based on the early days of what we’re seeing, this is awakening the realization that the old ways of how businesses pay other businesses just can’t continue,” he said. NACHA Notches ACH Growth. The most recent figures for ACH adoption released by NACHA were promising, with the ACH Network recording a 7.1

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EBizCharge

JULY 16, 2024

The National Automated Clearing House Association (NACHA) governs the operation of the Automated Clearing House (ACH) network , a centralized system financial institutions use to facilitate electronic payments and transactions across the U.S.

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Payment Savvy

NOVEMBER 9, 2022

And with the continued growth of mobile commerce, we can only expect electronic transfers to become even more prevalent. The best way to explain how EFT payments work is to provide some common examples of how your money moves through electronic payment networks. So, an ACH payment is just one example of an EFT.

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PYMNTS

MAY 3, 2020

Errez said the company’s goals are to continue making payments infrastructures faster and more streamlined in line with businesses’ needs. NACHA, the ACH payments and financial data hub, reported that Same Day ACH transactions on the ACH Network had increased 39 percent in the fourth quarter of last year, hitting 71.3

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PYMNTS

MAY 16, 2018

He continued, “We did the clearing and settlement migration in four tranches over a two-month period. We’ve] probably done about somewhere in the mid-teens so far, and this will continue over the next five to seven months, and then we’ll be completely converted. And that will be the last big step of the integration.”.

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PYMNTS

JUNE 6, 2017

We’ll give a daily double for the first data point, as it’s number of ACH transactions, and the second is quoted in terms of dollars over the whole calendar year of 2016. That year “as a whole,” said Estep, “showed both the continued growth as well as the evolution of the ACH network.”. Data Point Two: 26 Million.

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PYMNTS

APRIL 17, 2017

According to the data, the number of ACH transactions in 2016 topped 25.6 2016 marked a significant year for the continued evolution and growth of the ACH Network,” said NACHA President and CEO Janet O. The volume figures show strong use of Same Day ACH in its first few months of activity and broad use,” Estep continued.

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PYMNTS

OCTOBER 15, 2020

ACH might be among the most readily visible paper check killers — and as Nacha’s Larimer noted, “we need more than just ACH to make huge inroads [against checks]. Real time and the ACH network can actually work together to displace paper checks.” ACH, she said, has been growing by double-digit percentage points annually.

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PYMNTS

APRIL 8, 2016

6, 2015, speaking at the Faster Payments Imperative, NACHA CEO Jan Estep emphasized the need to continue the dialogue about what the concept of faster payments really means. “We We need to continue to peel away the onion,” Estep said. ZipLine has easy pay at the pump that takes out the friction of an ACH payment.

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Payment Savvy

SEPTEMBER 5, 2024

This is called an ACH direct deposit. Your employer sends the money through the ACH network, and it ends up in your account, often on the same day. The ACH deposit meaning goes beyond just paychecks. When you set up an ACH direct deposit, the process starts with the person or company sending the money.

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Nanonets

MARCH 21, 2023

ACH (Automated Clearing House) payments are basically EFTs ( electronic fund transfers ) that use the ACH network to move funds between bank accounts in the United States. ACH is most commonly used for direct deposit of payroll, payment of bills, and business-to-business payments.

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PYMNTS

JANUARY 28, 2020

While RTP emerged as a new payment rail to address payment friction, NACHA, which manages the ACH payment rail, announced that its newest service on the legacy payment network, Same Day ACH, is helping to accelerate adoption of the rail. Same Day ACH spiked an impressive 39 percent during Q4, hitting 71.3 percent jump.

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PYMNTS

MAY 15, 2019

Earthport offers cross-border payment services to banks, money transfer service providers and other businesses through the largest independent ACH network. … We can be the network of networks with interconnection between all of the financial systems across the globe,” Sheley said. What’s On Offer.

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Stax

APRIL 10, 2025

Digital currencies continue to experience extreme price volatility. If the service/product is being provided on a continuous basis, then sending invoices manually or by email each month is not an efficient approach. It is also global and without the processing fees and chargeback fees that come with traditional payment methods.

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PYMNTS

DECEMBER 19, 2019

Banks were told about a “disruption” in the automated clearing house (ACH) network that brought about delays in settlements, CNN reported. VyStar noted in a tweet , “The Federal Reserve is encountering issues, which is delaying ACH files.” It continued, “This issue is affecting all financial institutions.

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Faster Payments Council

JUNE 11, 2020

The work towards our ubiquitous future has already begun, and we will continue our path forward. Within the faster payments arena, we've got a lot. While we recognize the road to interoperability might not be easy, with the support of our members and the industry at large, we are up to the challenge.

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PYMNTS

NOVEMBER 3, 2020

As efforts to innovate payments infrastructure continue, speed remains top priority. 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. According to the latest stats, the ACH Network saw 6.8 percent.

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PYMNTS

SEPTEMBER 2, 2016

The ACH Network today supports many types of payments and environments in which those payments can be made. So, by adding options for speed, Same Day ACH will be able to provide benefits across all ACH Network users. The innovation on top of the ACH Network is really the way for that to happen,” she said.

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PYMNTS

FEBRUARY 11, 2020

In India, payments and banking technology firm Cashfree recently revealed its initiative to open up the nation’s real-time payment network to corporates with the launch of its UPI (Unified Payments Interface) stack, a solution designed to enable businesses to onboard to the rail. billion transactions completed on the network.

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Fintech Finance

JANUARY 30, 2024

Virtual accounts are linked to physical accounts within BNY Mellon and allow incoming or outgoing payments to be reflected in real time, to maintain a virtual sub-ledger that provides a continuously updated transaction and balance history to deliver transparency into company-wide cash flows.

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PYMNTS

JANUARY 31, 2019

NACHA recently released new figures on ACH network volume, revealing earlier this week that Same-Day ACH volume grew 46 percent between Q4 2017 and Q4 2018, surpassing 50 million transactions for the first time. “The modus operandi of the past shouldn’t be acceptable in the future,” he continued.

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PYMNTS

APRIL 7, 2016

For this month’s cover story, PYMNTS interviewed Jan Estep, NACHA’s CEO, about the continuing need to foster dialogue around what faster payments really means. . And the ACH Network provides a building block to develop these new services, as the network is a “skinny architecture,” according to Estep.

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PYMNTS

APRIL 30, 2020

. “On the government side, I feel they have been even more successful at implementing ACH, whether it be G2B or B2G payments,” than the private sector, he said. But as innovation targeting the ACH network accelerates, there will continue to be challenges ahead for the public sectors.

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PYMNTS

MAY 10, 2019

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.

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Stax

JULY 9, 2024

Since this trend continues to gain traction, many small businesses are also implementing this option for their customers. This payment method is convenient and continues to be a growing trend, especially among younger demographics. Many small businesses opt to go cashless , making a robust EFT payment system imperative.

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PYMNTS

JANUARY 18, 2018

The survey was conducted in November and December of 2017 and included 22 financial institutions (FIs) that represent 78 percent of the ACH Network origination volume. But, with the rise of Same Day ACH, FIs surveyed have not seen an increase in fraud. Previous surveys also found this to be the case.

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PYMNTS

APRIL 22, 2020

In a recent conversation with PYMNTS, Everee CEO Brett Barlow, as well as Co-founder and President Ron Ross, discussed how to help employers take the leap from the legacy of biweekly payroll, and why innovations in the ACH network have finally opened up the doors to a new normal of employee compensation.

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