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September will be a big month for NACHA’s Same-DayACH initiative. 15, NACHA will roll out phase two of its Same-DayACHRule, and small businesses stand to gain significantly from the effort, according to reports at Nav.com. It incorporates more payment scenarios into the Same-DayACH initiative.
The past 12 months have been busy for faster payments. Phase One of the SameDayACH rollout that made credit transfers a reality was completed last year. Phase Two, which will allow debit transactions on the sameday, is planned for September 2017. What’s so Scary about Faster Payments?
Payment innovators are embracing the opportunities to mix payment rails old and new in search of business-to-business (B2B) solutions that can tackle longstanding friction. Visa To Use Card Rails For Digital Currency B2B Payments. Velo Labs, Lightnet, Visa Collab On Blockchain SMB Payments.
NACHA ‘s Payments Innovation Alliance has gained a new member. 28), NACHA announced that the New England Automated Clearing House (NEACH) has joined the Alliance, an initiative that promotes collaboration between volunteers to achieve innovation and progress in the payments industry. In a press release issued on Tuesday (Aug.
Whether it’s summoning a ride, checking information or downloading music or media, the expected wait time is seconds, not hour or days. In the world of payments, the need for instant gratification is no exception. On September 15, 2017, Phase 2 of NACHA’s same-dayACHrule change went into effect, enabling same-dayACH debits.
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