FICO

MARCH 27, 2017

—and realize that it’s too late; fraudsters will have figured out how to hijack funds flowing out of checking accounts. Today could be that day. Are banks truly ready for same-day ACH? ACH is a different animal. This exposes banks to fraudsters, who will quickly find and exploit the weakest link.

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PYMNTS

SEPTEMBER 9, 2016

With the Same Day ACH rollout coming in just two weeks and other faster payments initiatives taking off, financial institutions are taking significant steps to ensure the transition to a faster processing environment, including improving their payment security platforms to keep fraudsters at bay. Impact On Same Day ACH Rollout.

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PYMNTS

DECEMBER 12, 2017

2 million | Number of Same Day ACH transactions made in the first 11 days of Same Day ACH’s availability, according to NACHA’s statistics. Those statistics also stated more than 178,000 Same Day ACH transactions were made per day, accounting for a total of approximately $1.5

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PYMNTS

APRIL 6, 2017

Phase One of the Same Day ACH rollout that made credit transfers a reality was completed last year. Phase Two, which will allow debit transactions on the same day, is planned for September 2017. The third phase, which will usher in faster ACH credit funds availability, is on track to occur in March 2018.

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PYMNTS

NOVEMBER 21, 2016

Same Day ACH payments are gaining traction right out of the gate, with nearly $5 billion and 3.8 This sets the stage for increased adoption of same-day payments across consumers and the merchants who serve them. The ACH news “definitely has an impact for our business,” said Youakim of the same-day rollout.

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PYMNTS

JUNE 30, 2017

There’s another catch, though: While Bill.com facilitates ACH payments, it also announced news that it would support paper check payments made by SMEs by producing and mailing out checks to payees on behalf of SME users. Kriplani said that checks are even more popular among small companies. “If

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Stax

APRIL 23, 2024

ACH payments are a convenient way for business owners, individuals, and employers to use intuitive automated banking throughout their daily lives. Most small business owners and employers are turning to ACH payments instead paper check payments because of the ease and instant access the ACH network provides.

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PYMNTS

APRIL 22, 2020

While there has been some innovation in wage payment mechanisms as more employers shift away from the paper check toward direct deposit and payroll cards, little has changed about the timing of those payments. ACH Innovation Breaks The Mold. It’s also opened up conversations about how professionals get paid.

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PYMNTS

NOVEMBER 5, 2018

NACHA released new statistics late last week on growth of ACH transaction volume in the U.S. According to the firm, B2B transactions were a key driver of ACH transaction growth in the third quarter of the year, leading NACHA Chief Operating Officer Jane Larimer to describe the ACH Network as “thriving.”. In all, more than 3.3

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Stax

JUNE 27, 2024

But cash and checks are rapidly declining as preferred modes of payment. If you’ve been accepting and using electronic payments in your business, you’ve probably come across two of the most popular terms in the digital payments scene— automated clearing house (ACH) and wire transfer.

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PYMNTS

SEPTEMBER 23, 2016

23) marks the launch of Same Day ACH, with three settlement windows enabling consumers and businesses to receive credit, same day, for payments made to them. is now capable of receiving and enabling this same-day capability. But in many ways, today’s milestone is all about what’s next for ACH.

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PYMNTS

FEBRUARY 11, 2020

The latest data from Nacha found a new record-high growth rate for adoption of ACH payments , with B2B payments showcasing a surge in adoption of the legacy payment rail that has recently turned to technologies that can augment the service, from the movement of transaction data with an ACH payment to the deployment of Same Day ACH.

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PYMNTS

NOVEMBER 1, 2018

Checks, despite their near extinction in consumer payments, remain alive and well when it comes to businesses paying each other. The check – for its many, many flaws – does address all three of those aspects. That is why checks have been so resistant to replacement. And that’s pretty well why it persists.

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Fintech Finance

MARCH 31, 2025

Transaction volume on the EPN ® system, the ACH network operated by The Clearing House Payments Company L.L.C., in 2024, continuing the trend of yearly ACH volume and value growth. ACH commercial volume last year. ACH volume has been growing across all user types and use cases. In 2024, the EPN system processed 20.7

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Nanonets

MARCH 20, 2023

What are ACH payments? ACH (Automated Clearing House) payments are electronic fund transfers that use the ACH network to move funds between bank accounts in the United States. The ACH network is managed by NACHA, which was earlier known as the National Automated Clearing House Association.

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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. This article will shed light on what ACH transactions are, the nature of their limits, and the influencing factors. What is an ACH transfer?

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PYMNTS

SEPTEMBER 26, 2016

Using FIS-run PayNetExchange to process ACH, checks and virtual cards and using Comdata to issue Mastercard commercial cards, Corcentric pulls in payment capabilities across a range of rails to support the last mile of the B2B transaction. The data makes that glaringly clear. “It’s key when it comes to the payment process.”

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Nanonets

APRIL 13, 2023

The Automated Clearing House (ACH) payment system facilitates the movement of billions of dollars every day, operating behind the scenes in the U.S. In this article, we'll explore the ACH network and ACH payments, how ACH payments function, and the ways in which it impacts our daily financial transactions.

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PYMNTS

DECEMBER 10, 2020

Consumers and microbusinesses have access to many disbursement options, yet they receive a significant share through legacy methods such as paper checks or digital methods that are non-instant.

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PYMNTS

MAY 16, 2019

Data from the ACH Network shows growth in payment volumes and values across a number of classifications. In all of 2018, there were 27 billion ACH payments, with roughly $51 trillion in value that moved across the network. In February 2019, there was a daily record set, when the volume was past 100 million ACH payments per day.

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EBizCharge

SEPTEMBER 18, 2024

Automated Clearing House (ACH) transactions are revolutionizing how businesses and consumers transfer money, offering a variety of payment types to meet diverse needs. Recognizing the different types of ACH payments and their relevant codes is crucial for navigating this complex landscape. What are ACH payments?

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Payment Savvy

SEPTEMBER 5, 2024

You’ve probably heard the term “ACH deposit,” but what does it really mean? ACH stands for Automated Clearing House, a network that handles electronic payments and transfers. So, what is an ACH deposit? ACH direct deposits are common. What Is an ACH Deposit? So, what does an ACH deposit mean?

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PYMNTS

NOVEMBER 3, 2016

Today’s consumers increasingly expect payments to be processed quicker than ever before, and insurance companies are turning to newly introduced faster payment initiatives, such as Same Day ACH, to accommodate the demand. Maximizing Same Day ACH opportunities.

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Finextra

JUNE 9, 2025

has reached a real-time tipping point Community Your feed Latest expert opinions Groups Join the Community 23,263 Expert opinions 43,814 Total members 393 New members (last 30 days) 186 New opinions (last 30 days) 29,062 Total comments Join Sign in Why the U.S. Same day Automated Clearing House (ACH) payments rose 19.1%

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PYMNTS

DECEMBER 3, 2020

To address the supplier acceptance challenge, CardUp automatically shifts bank transfer or check payments to cards, while ensuring that suppliers receive those funds via the original payment method. Nacha Drives Corporate ACH Adoption. Nacha is rolling out a new resource center designed to help corporates embrace the ACH Network.

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Payment Savvy

DECEMBER 11, 2023

Automated Clearing House ( ACH) transfers have revolutionized the way we handle our finances, offering a convenient and secure method to send and receive money electronically. Whether it’s receiving your paycheck through direct deposit or paying your bills online, ACH payment solutions have become an integral part of our daily lives.

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PYMNTS

APRIL 30, 2020

This week’s examination of the latest in payments rails innovation finds financial service providers innovating on top of existing rails to address the friction of ACH, checks and other bank transfer infrastructure. ACH Gets A Boost In The Public Sector. Invoiced Tackles The Friction of Check.

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PYMNTS

JANUARY 23, 2018

In the path of FinTech innovation, many expect the inevitable demise of the paper check. But the data doesn’t lie: Paper checks are alive and well, despite efforts to kill it. The latest in PYMNTS’ Kill the Check series , a collaboration with Ingo Money, highlighted the persistence of paper checks.

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PYMNTS

NOVEMBER 16, 2016

And pay the very same day. NACHA, the payments association behind the ACH network, said Tuesday that 3.8 million same-day transactions occurred in October, the first full month after the initial Sept. The total value of those same day payments came to $4.9 If you build it, they will come.

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PYMNTS

NOVEMBER 3, 2020

The payments ecosystem now prizes quickness above all things in a time of cash flow shortages, where each paper check takes an eternity — assuming it arrives at all. Clearly, paper checks aren’t cutting it anymore. To paraphrase the movie “Top Gun” … “We feel the need … the need for speed.” We’ve evolved.

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PYMNTS

OCTOBER 3, 2017

The discussion took place as NACHA unveiled Phase Two of its Same Day ACH initiative, debuting same-day debits with an eye on settling bill payments with speed and security. Firms in those industires can look to faster ACH payment options as a cost-effective and customer satisfying alternative to card payments.

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PYMNTS

DECEMBER 16, 2020

Gu said the company typically makes its payouts with ACH transfers instead of relying on checks. Same-day ACH deposits money straight into a customer's account, and funds usually appear the next business day. Around 67 percent of Upstart loans, in addition, are fully automated on the platform.

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PYMNTS

JULY 14, 2017

But while the underlying accounting infrastructure may be embracing technology, the payment itself remains slow, with paper checks still posing a major challenge both to AR professionals’ needs for faster payments and AP professionals’ needs for digitization.

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Nanonets

SEPTEMBER 8, 2023

Ach and Wire are two of the most popular ways of money transfer in the United States. First, let's delve into the mechanics of ACH and Wire transfers, followed by an exploration of their distinctions, guidance tailored for small businesses, and concluding with instructions on establishing ACH and Wire processes.

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Nanonets

MARCH 24, 2023

Introduction If you’re still paying your vendors with paper checks, you’re likely facing several issues for your business - like tons of manual effort, difficulty tracking payments, high fees on checks, and so on. Checks are a slow process with many steps on both ends. What are ACH payments?

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PYMNTS

SEPTEMBER 26, 2016

Same Day ACH is now a reality and, with much fanfare, represents the first ubiquitous faster payments initiative in the United States without an attendant regulatory mandate. But as Karen Webster noted in the latest installment of Topic TBD, even as faster payments takes a step closer to reality in the U.S.,

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PYMNTS

MARCH 18, 2019

First, there was the Fed’s decision to slow faster payments progress via Same Day ACH because it wasn’t ready to approve another processing window during the day. and one of two operators of the ACH network in the U.S., Then came PayPal’s debut of Instant Transfer to Bank. A Couple of Important Dots. Take the Fed.

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