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Mode Eleven partners with Finzly

The Paypers

Mode Eleven has announced its partnership with US-based fintech Finzly in order to implement its solutions for ACH operations and wire processing.

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Why FLEETCOR Bought Nvoicepay

PYMNTS

While the industry has opened doors to many new FinTech firms that tackle individual pain points of corporate payments, large-scale problems need large-scale solutions. By bringing Nvoicepay into the fold, FLEETCOR can expand its supplier acceptance and onboarding services to a range of payment tools, including ACH.

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Why FedNow Will Slow Real-Time Payments

PYMNTS

Direct deposit over the ACH network eliminated that friction and got them earlier access to those funds. Fast-forward four decades, and everyone – FIs, ACH operators, FinTechs – have been working overtime to get payroll off the paper check and to get wages into workers’ bank accounts faster. financial system.

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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

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. The Fed sees an opportunity to introduce competition in the faster payments space as a second operator of faster payments rails, like it is today with ACH.