Remove ACH Origination Remove Push-to-Card Remove Wire
article thumbnail

Mastercard Send Trials Metabank’s New Faster Payments Platform

PYMNTS

The new platform includes Mastercard Send, a push payments service designed to rapidly send money in the U.S. debit or reloadable prepaid cards for payment of tax refunds, government aid, healthcare and insurance claims and payments to gig economy workers. and also across borders.

article thumbnail

ACH Fraud Is Rising - And New NACHA Measure Leaves Gaps

FICO

Additionally, ACH internet transactions rose 15% from 2019 to 2020. As it happens, 2020 was a banner year for ACH fraud, too. These scams are typically Authorized Push Payment (APP) schemes in which the transaction is executed by the customer directly, often via—wait for it—ACH payments.

NACHA 52