PYMNTS

FEBRUARY 20, 2018

Individual jurisdictions around the globe are pressing for both faster and more efficient cross-border payments. China’s central bank, for instance, took steps last month to boost the efficiency of cross-border transactions involving Chinese parties by lengthening its clearing window time span. In the U.S.,

Cross-Border Payments 43

Cross-Border Payments Cross-Border International Payments Electronic Funds Transfer (EFT) 43

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.

Innovation 73

Innovation Global Payments Cross-Border ACH 73

PYMNTS

JULY 31, 2019

Visa Direct can be used for more efficient payments, including cross-border payments, insurance disbursements and contractor payments for gig economy jobs. Boston-based auto, home and business insurer Safety Insurance said it will roll out Same-Day ACH payment capabilities for insurance claims.

PayPal 65

PayPal Same Day ACH Cross-Border Payments NACHA 65

PYMNTS

NOVEMBER 6, 2018

Recently, NACHA — The Electronic Payments Association approved three new rules to update Same Day ACH services. The financial messaging service announced in late October that its near-instant, cross-border payments proof of concept performed successfully in tests.

Faster Payments 53

Faster Payments Real Time Gross Settlement (RTGS) Same Day ACH Cross-Border Payments 53

PYMNTS

SEPTEMBER 13, 2018

As FinTechs step into the cross-border payments and foreign exchange (FX) management space, there are more solutions available than ever before for corporates seeking to gain speed and security in payments – and manage risk along the way. This embrace comes as corporates are just starting to work with faster payments.

Cross-Border Payments 40

Cross-Border Payments Cross-Border Risk Same Day ACH 40

PYMNTS

JANUARY 31, 2019

NACHA recently released new figures on ACH network volume, revealing earlier this week that Same-Day ACH volume grew 46 percent between Q4 2017 and Q4 2018, surpassing 50 million transactions for the first time. demand for faster payment capabilities, too. demand for faster payment capabilities, too.

Faster Payments 73

Faster Payments Money Laundering Same Day ACH AML 73

PYMNTS

NOVEMBER 14, 2018

In its latest report, “ Preparing for real-time liquidity ,” Deutsche Bank acknowledged that the value caps on schemes like Faster Payments and Same Day ACH limit the applicability of these trends for corporate payers. Yet, as these caps rise across the globe, treasurers are likely to see disruption.

Real Time Payments 78

Real Time Payments Real Time Gross Settlement (RTGS) Same Day ACH Liquidity Management 78

PYMNTS

APRIL 26, 2019

As noted in the Faster Payments Tracker, and to offer up just a few examples: the Federal Reserve is mulling the creation of its real-time payments system; The Clearing House (TCH) has its own real-time system, seeking critical mass among banks and in Australia, the New Payments Platform is logging new use cases.

Faster Payments 60

Faster Payments Same Day ACH TCH Federal Reserve 60

PYMNTS

MARCH 3, 2017

She gave the example of cross-border payments, where companies are offering new services to ease pain points tied to international activity, via ACH and other conduits, with the impact of streamlining B2B and other transactions. . You have both evolution and dramatic changes [here].”

Same Day ACH 50

Same Day ACH NACHA ACH Payments 50

PYMNTS

OCTOBER 8, 2018

It’s a bit hard to argue that point given the volume of B2B payments made between trading partners annually — some $120 to $127 trillion depending on the source you believe most. ACH rails now settle same-day, three times a day. The rules of the existing rails have been modernized too.

B2B 76

B2B Same Day ACH Payments ACH 76

PYMNTS

FEBRUARY 15, 2018

We’re bringing back the old ACH online payments into the game,” he said, “which normally is only used for mortgage payments or topping up a balance on PayPal or something like that.”. Alas, ACH is a far-from-perfect payment rail, Koeppel admitted. We would love [ real-time ACH ]. “We Here in the U.S.,

ACH 43

ACH Blockchain Payment APIs and Integration Cross-Border 43

PYMNTS

JANUARY 16, 2020

APIs are getting it done, with a cascade of FinTechs making announcements like cloud accounting platform AccountsIQ and its deal with B2B payments firm TransferMate, enabling streamlined cross-border payments.

API 53

API B2B Payment APIs and Integration Cross-Border 53

PYMNTS

JANUARY 2, 2017

In 2016, the PYMNTS.com Tracker series kept tabs on practically everything within the payments and commerce ecosystem, from A to Z (that’s ACH transfers to Ziosk). During these 12 months, the Trackers followed the biggest developments, news and headlines from around all segments of the payments ecosystem. DEVELOPER TRACKER.

ACH 49

ACH Online and Mobile Banking Cross-Border Same Day ACH 49

PYMNTS

AUGUST 30, 2018

for example, the last of three same-day ACH phases was rolled out earlier this year, which requires receiving depository financial institutions to make funds available by 5 p.m. local time on the same day as ACH credits. In the U.S.,

Same Day ACH 40

Same Day ACH Cross-Border ACH SWIFT 40

PYMNTS

JANUARY 2, 2017

That’s a problem that San Francisco-based Wyre is offering to solve with its real-time cross-border payment solution. “We We are trying to get [merchants] away from the idea that waiting three days for payments is efficient,” said Michael Dunworth, cofounder and CEO of Wyre. Businesses kind of operate on that.

Cross-Border Payments 42

Cross-Border Payments Cross-Border Payment APIs and Integration Blockchain 42

PYMNTS

MARCH 7, 2018

Australia, for one, recently launched its long-awaited New Payments Platform (NPP). Three of its Big Four banks are already implementing the real-time payments scheme, with the final holdout declaring plans to continue testing first. Over in the U.S., Faster transfers rely on faster compliance.

Same Day ACH 40

Same Day ACH Faster Payments Cross-Border Cross-Border Payments 40

PYMNTS

AUGUST 3, 2017

Detecting fraud early and efficiently is a growing concern for all parties as faster payments rise. A separate report from fraud prevention solutions company GIACT points to potential fraud risks that could arise when Same Day ACH debits roll out in September 2017.

Community Banks 46

Community Banks Faster Payments NACHA Cross-Border Payments 46

PYMNTS

MAY 4, 2018

Connecting multiple companies under the fold of a single entity will enable Syncapay to facilitate cross-sharing of industry expertise, services and best practices, Spottiswood told PYMNTS in a recent interview. In many ways, it can begin in the peer-to-peer payments space, which has offered an example for business payments.

Same Day ACH 46

Same Day ACH P2P B2B Cross-Border 46

PYMNTS

AUGUST 30, 2018

This demand for efficient payments has propelled the emergence of several payment rail networks, each designed to help facilitate and accelerate the delivery of funds, including those offered by the Automated Clearing House (ACH) network, Fedwire and The Clearing House. Around the Smarter Payments World. While the U.S.

Cross-Border 40

Cross-Border Cross-Border Payments Same Day ACH SWIFT 40

PYMNTS

DECEMBER 4, 2019

It’s a move that supports both the use of existing rails to upgrade payment capabilities as well as the establishment of new payment networks.

B2B 52

B2B RTP Cross-Border FPC 52

PYMNTS

DECEMBER 27, 2019

As the B2B payments landscape hustles to keep up with the moving target of friction, progress has certainly been made in the acceleration, digitization and transparency of corporate transactions. The road towards a modern, open and flexible B2B payments infrastructure is nowhere near complete,” he said. In the U.S.

B2B 52

B2B Payments Same Day ACH Addressing 52

PYMNTS

MAY 22, 2018

The fact remains that all disbursements by businesses are still done, largely, through legacy means, as 80 percent of firms still send checks or use first-generation ACH — and don’t confuse Same-Day ACH with instant, as it is fast, indeed, but not that fast.

Push-to-Card 40

Push-to-Card Same Day ACH ACH Payments 40

PYMNTS

MARCH 5, 2018

There are transaction fees with procurement cards, so this is only relevant for mobile or offline payments, but for ERP-to-ERP connected transactions, typically bank transfers are only a few cents.”. Before SEPA, the various payment schemes in each European Union member state made cross-border payments much more difficult, and much slower.

Risk 42

Risk Cross-Border Non-Bank B2B 42

PYMNTS

SEPTEMBER 4, 2018

With companies paying suppliers on strategic schedules, real-time transactions aren’t always necessary — or beneficial — for the B2B payments space. Yet there is some adoption of faster payment technologies among corporates. In the U.S., It’s not huge, but it’s not dismissible, either.

Faster Payments 44

Faster Payments Treasury Real Time Payments Liquidity Management 44

PYMNTS

JULY 24, 2017

In addition to providing for a settlement capability, such roles might include provision of directory services, transaction processing, network access, security and/or cross-border payments” should said stakeholders fail to agree on standards, policies and procedures. The card networks are powering instant disbursements.

Fed 47

Fed Faster Payments Ubiquitous Same Day ACH 47

Fintech Labs Insights

OCTOBER 16, 2016

Ready, set, ACH. As of September 30, a new rule from NACHA requires all banks to process incoming same-day ACH credits. Most ACH payments are currently settled on the next business day: the new rule-change offers originators the option to send an ACH transaction to any recipient account for same-day processing.

EMV 17

EMV P2P Same Day ACH FinTech 17

Nanonets

FEBRUARY 7, 2024

for each thereafter Card payments: 2.9% of the total, up to $50 Same-day ACH transfer: 1% of the total, up to $30 Check within three business days: $20 International payments in USD: $20 flat fee for bank transfer or card; card payments incur an additional 2.9% of the total Instant transfer: 1.5%

Payment APIs and Integration 52

Payment APIs and Integration Automation Online and Mobile Banking Accounts 52

PYMNTS

SEPTEMBER 17, 2019

And there are account-to-account services emerging, such as RTP from The Clearing House, Same-Day ACH and, slated to launch in five years, FedNow. There are push-to-card services for challenger banks and payroll providers, as well as push-to-wallet options for PayPal, Square Cash, Apple Cash and others.

Instant Payments 70

Instant Payments FedNow Push-to-Card Payments 70