Remove ACH Remove ACH Network Remove ISOs
article thumbnail

Nacha Welcomes Stronghold as a Preferred Partner

NACHA

8, 2024 – Today, Nacha announced Stronghold as a Preferred Partner for ACH Experience and ISO 20022. Stronghold joins a select group of innovators that Nacha recognizes for offering products and services that align with Nacha's core strategies to advance the ACH Network. RESTON, Virginia, Aug.

NACHA 145
article thumbnail

Same Day ACH: Impacts At The Intersections

PYMNTS

NACHA’s launch of Same Day ACH ushered in three settlement windows, enabling ACH payments to be received same day. ISO 20022, which is designed to set the tone for global financial industry messages, provides a standardized approach to building messaging standards across financial services. via all banks and credit unions.

article thumbnail

ACH Network Processed 21.5B Transactions in 2017

PYMNTS

New data shows that the ACH Network processed 21.5 It is the third year in a row in which the number of new ACH transactions increased by more than one billion. And the network’s growth rate for last year is the highest since 2008. And the network’s growth rate for last year is the highest since 2008.

article thumbnail

What Is an ACH Payment Facilitator?

Stax

Automated Clearing House (ACH) payments are a type of electronic bank-to-bank payment system in the US. Unlike payments facilitated by card networks like Visa or Mastercard, ACH payments are managed by a body called the National Automated Clearing House Association (NACHA). Let’s get started.

ACH 88
article thumbnail

How Visa, FIS, TCH, SWIFT, Nacha and Circle See The Future of Faster, Real Time Payments Rails

PYMNTS

Moving Beyond ACH . ACH might be among the most readily visible paper check killers — and as Nacha’s Larimer noted, “we need more than just ACH to make huge inroads [against checks]. Real time and the ACH network can actually work together to displace paper checks.”

article thumbnail

100+ Payment Industry Terms Explained in Plain English

Clearly Payments

Payment Network Companies like Visa, Mastercard, Amex, and Discover that move the data between banks. ISO (Independent Sales Organization) A reseller of payment processing services. Assessment Fee A fee charged by the card networks (Visa, Mastercard, etc.). ACH Bank-to-bank transfers, like direct deposit or bill pay.

article thumbnail

Clearing Up The Case For ISO 20022

PYMNTS

Though it can be traced back to 2004 and was revised as recently as 2013, the ISO 20022 framework is still a source of confusion across the payments industry. At its core, Jan Estep, President and CEO of NACHA , explained that ISO 20022 is all about creating a standardized approach to building messaging standards across financial services.