Remove ACH Network Remove Interoperability Remove NACHA
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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 . Interoperability In Focus .

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New NACHA Hub Offers B2B Data Sharing

PYMNTS

The ACH payments and financial data exchange nonprofit NACHA is developing a digital platform to streamline payments by facilitating data sharing via a centralized hub, NACHA announced Wednesday (Feb. The NACHA Phixius platform enables connected service providers to securely exchange payment-related data. percent jump.

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Nacha Names Jane E. Larimer As New CEO

PYMNTS

The board of directors for Nacha has selected Jane E. Nacha is an amazing organization whose work is instrumental in building consensus and supporting the creation of rules, standards and education that enhance and enable payments and financial data exchange to benefit all stakeholders,” said Larimer.

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Same Day ACH: Impacts At The Intersections

PYMNTS

In the previous episode of NACHA’s Countdown to Same Day ACH podcast series, NACHA President and CEO Jan Estep identified the overlaps, complements and implications of all the initiatives under the faster payments umbrella — namely, real-time payments, Same Day ACH and blockchain. The Road To Process Improvement.

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Breaking Down The Faster Payments Construct

PYMNTS

Same Day ACH will create a new option for faster payments for all the banks and credit unions across the U.S. Two new same-day settlement windows will be added to the ACH Network, which will increase the actual movement of funds between all those financial institutions from once a day (at the beginning of the day) to three times a day.

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Why Payment Rails Need More Than Just Speed

PYMNTS

As more companies go global and engage in cross-border trade, these rails will face increased demand to efficiently deliver money, and there will be a growing need for the adoption of a common protocol to improve interoperability between payment systems, opening doors for new players to expand their reach.

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ACH vs. Wire Transfers: Which Is Right for You?

Nanonets

First, let's delve into the mechanics of ACH and Wire transfers, followed by an exploration of their distinctions, guidance tailored for small businesses, and concluding with instructions on establishing ACH and Wire processes. What is ACH? ACH vs Wire: What to choose for payments?