EBizCharge

DECEMBER 18, 2024

Clearinghouses act as neutral third parties that verify, process, and often guarantee transactions to reduce participant risks. In financial markets, clearinghouses ensure buyers receive their purchased assets and sellers receive payment, managing counterparty risk by stepping in if one party defaults.

Facilitators

Stax

MARCH 11, 2025

ACH and bank transfers An ACH (Automated Clearing House) payment is an electronic transfer of funds from your customers bank account to your business account using the ACH network. Popular digital wallet brands include Apple Pay, Google Pay, Samsung Wallet, PayPal Digital Wallet, and Venmo.

Online Payment Processing

Stax

APRIL 10, 2025

Such gateways present a more risk-averse way for you to accept cryptocurrency payments. The software will send upcoming payment alerts to each customer, reducing the risk of late payments, which will only help your cash flow. Also, eChecks (electronic checks) have emerged as the digital equivalent of paper checks.

Small Business

Clearly Payments

MAY 22, 2025

Hold When a processor temporarily keeps funds due to risk or issues. High-Risk & Special Cases High-Risk Merchant A business seen as more likely to have fraud or chargebacks. Underwriting The process of assessing risk before approving a merchant account. ACH (Automated Clearing House) The U.S.

Online and Mobile Banking

Finextra

JULY 23, 2025

ACH Isnt Dead—Its Evolving Despite predictions of its demise, the ACH Network processed 33.6 The continued growth of Same-Day ACH settlements shows businesses want faster options while maintaining the cost-effectiveness and reliability that made ACH the backbone of B2B payments. billion payments totaling $86.2

Real Time Payments

EBizCharge

MAY 5, 2025

While zero cost processing programs pass the cost of credit card processing fees onto the customer, ACH/eCheck payments avoid credit card fees altogether by transferring funds across bank accounts via the ACH Network. A demo or trial reduces the risk of investing in a program that doesnt suit your business.

Credit Cards

Payments Dive

JULY 22, 2025

Deep Dive Opinion Library Events Press Releases Topics Sign up Search Sign up Search Retail Banking Restaurants Regulations & Policy Risk Technology B2B An article from Instant paychecks pose moral dilemma for Yooz CFO The accounts payable software company may offer earned wage access benefits to employees. You can unsubscribe at anytime.

ACH Network

Fintech Finance

FEBRUARY 28, 2025

Nacha s newest Preferred Partner is ACI Worldwide , which joins as a Preferred Partner for ACH Experience/Fraud Monitoring/Risk and Fraud Prevention. Making the modern ACH Network even easier to use is a key priority at Nacha, said Jane Larimer, Nacha President and CEO.

NACHA

Fintech Finance

AUGUST 7, 2024

Nacha’s Preferred Partners’ commitment to innovation and security aligns with Nacha’s mission to enhance the ACH Network, ensuring these payments are fast and secure.” Nacha’s Preferred Partner Program recognizes organizations that contribute to advancing the ACH Network. Open Banking, Visa.

NACHA

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.

NACHA

NACHA

SEPTEMBER 18, 2024

Sardine joins a select group of organizations as a Nacha Preferred Partner in the categories of Compliance, Fraud Monitoring, and Risk and Fraud Prevention. 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

NACHA

PYMNTS

SEPTEMBER 21, 2016

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.

Faster Payments

Stax

NOVEMBER 11, 2024

ACH transfers, or payments made through the Automated Clearing House network, account for billions of dollars in payments annually. In fact, NACHA, the nonprofit that governs the ACH payments network reported 6.1% The average consumer commonly uses the ACH network for automated bill payments and larger transactions.

ACH

Payment Savvy

NOVEMBER 9, 2022

In this article, we will answer the question of what an EFT payment is, and we’ll also discuss the different types of ETF payments, the benefits of using EFT payments, and the risks associated with this type of payment. Online invoicing and automatic payments can help you get paid faster and reduce the risk of late payments.

Online and Mobile Banking

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.

Same Day ACH

PYMNTS

SEPTEMBER 23, 2016

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. Same Day ACH Phase Two is all about debits — to be enabled by all banks in the U.S. The flexibility of the ACH Network allows debit payments to be scheduled in advance.

Faster Payments

EBizCharge

JULY 16, 2024

This article will explore the essential aspects of staying compliant with NACHA rules, such as risk management, data security, authorization protocols, and more, to help institutions maintain the highest standards of operational integrity and customer trust. What is NACHA?

NACHA

Payment Savvy

SEPTEMBER 5, 2024

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. Because it’s all done electronically, there’s less risk of losing money or having it stolen. The ACH deposit meaning is all about convenience and security.

ACH

PYMNTS

FEBRUARY 11, 2020

Company Co-Founder and Chief Technology Officer Jeff Kramer told PYMNTS in a recent interview that Transparent Systems is addressing the need for businesses to enable real-time settlement, particularly for repeat transactions on a consistent basis with their business partners, to mitigate counter-party risk. In the U.K.,

B2B

PYMNTS

MAY 10, 2019

In a new PYMNTS interview, David Barnhardt, executive vice president of product at GIACT , which offers fraud detection and account validation tools, talks about an upcoming change by NACHA, national administrator of the ACH network, to make internet-initiated debit transactions (WEB debits) safer and more seamless.

Nacha Rules

Nanonets

APRIL 18, 2023

Automated Clearing House (ACH) payments have become increasingly popular among growing businesses, for their faster processing times, lower fees, and reduced risk of fraud. However, managing ACH payments can be a challenging task for AP teams, especially when dealing with multiple vendors and payment preferences.

ACH

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. Errors can also interfere at times.

ACH

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. demand for faster payment capabilities, too. demand for faster payment capabilities, too. “As the U.S.

Faster Payments

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.

Same Day ACH

Fintech Finance

MAY 7, 2024

bank account information,” said Rob Unger, Associate Managing Director of ACH Network Development at Nacha. This partnership increases the validation sources for Phixius customers to verify bank information to mitigate risk, reduce costs and meet compliance requirements.

Phixius

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

Same Day ACH

Payment Savvy

AUGUST 4, 2020

NACHA worries this high volume of transactions on the ACH network opens the way for fraud. Instead, they send a no monetary value transaction through the ACH network to confirm an account is valid. Therefore, it still puts a business at risk of fraud and expensive errors. This accounts for close to 82% of all U.S

Account Validation

Nanonets

APRIL 8, 2024

Though usually just called ACH payments or ACH transfers, the term more specifically refers to a national payment network that banks and other institutions rely upon to process payments securely and accurately between parties. ACH payments are generally fast during the work week but aren’t instantaneous.

ACH

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.

FedWire

PYMNTS

MARCH 5, 2018

29, 2017, calls for financial institutions that originate ACH payments to register their third-party sender customers through the NACHA Risk Management Portal. Third-party senders are important participants in expanding access to ACH payments,” said Jane Larimer, chief operating officer and general counsel at NACHA.

Third-Party Sender

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. -based firm for a reported $257 million in a deal announced late last year. Single Point Of Connection.

Cross-Border

EBizCharge

SEPTEMBER 17, 2024

An Automated Clearing House (ACH) transfer limit is the maximum amount of money that can be spent or received through the ACH network in a single transaction or within a specified period. What is an ACH transfer limit? Financial institutions set these limits to mitigate risk and ensure regulatory compliance.

ACH

EBizCharge

MAY 8, 2024

The National Automated Clearing House Association (NACHA) governs the ACH network, setting rules and standards for ACH transactions. ACH processing fees are charges for processing electronic payments and transfers between bank accounts. This fee compensates the processor for the increased risk and handling of large sums.

ACH

Stax

JULY 9, 2024

ACH payments Another commonly used EFT payment type includes transactions conducted through the ACH network. An ACH debit is frequently used for transactions like automatic bill pay and recurring payments but is also commonly used for one-time transactions. What is the future of EFTs? Q: What are peer-to-peer payments?

Electronic Fund Transfer Act (EFTA)

PYMNTS

MAY 15, 2017

In one scheme, they’re telling people to use the routing number of the Federal Reserve Bank of Atlanta (0610-0014-6) to make both check and electronic payments through the Automated Clearinghouse (ACH) Network. Merchants who accept these checks run the risk of not getting paid.

FTC

Payment Savvy

OCTOBER 8, 2024

This process is seamless and efficient, particularly in the case of ACH direct debit, which operates through the ACH network in the U.S. This is also where direct debit vs ACH distinctions come into play, as the ACH network handles electronic payments for businesses and consumers. In the U.S., and Europe.

ACH

PYMNTS

AUGUST 29, 2019

These details need to be unencrypted for third parties to use them, meaning they are at a constant risk of theft. Many third-party applications rely on risky practices like data scraping, which records users’ login credentials and then uses those details to access customers’ FIs and examine their financial information.

Credit Union