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.

B2B 89

B2B Same Day ACH NACHA ACH 89

PYMNTS

OCTOBER 11, 2016

Now, as a two-sided B2B payments company, Sourcery must meet the demands of both its corporate buyer and supplier customer base. According to Moran, one way to approach the conflict is by choosing a strategic payment rail: ACH. ” It’s why Moran considers ACH the best payment rail in B2B payments.

ACH 75

ACH B2B Commercial Card Checks 75

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.”.

Small Business 68

Small Business Same Day ACH Wire Transfer NACHA 68

PYMNTS

APRIL 6, 2016

The biggest firms in the nation are gearing up for same day ACH payments – an eventuality that could hit in September of this year. As reported by NACHA, the electronic payments association, the readiness was disclosed in a survey that had been conducted by the association, with the two strongest use cases identified across same day ACH.

Same Day ACH 46

Same Day ACH ACH NACHA AAP 46

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. Within six to nine months on the system, they move to about 50-plus percent ACH payments.”.

ACH 61

ACH Checks Small Business Same Day ACH 61

PYMNTS

JULY 6, 2017

With the speed of payments accelerating and Same Day ACH initiatives continuing to roll out, NACHA has pulled together a group of industry experts to explore API standardization as a way to facilitate faster payment speeds and greater transaction security, among other use cases.

API 79

API Same Day ACH NACHA ACH 79

PYMNTS

JULY 3, 2017

Earlier this month, NACHA (the National Automated Clearinghouse Association) sent its Government Relations Advisory Group on its annual pilgrimage to Capitol Hill. The purpose of Capitol Hill Day is to provide updates and continued education to Congressional representatives and staff regarding the ACH Network, payments, and operating rules.

NACHA 45

NACHA Faster Payments Same Day ACH ACH 45

PYMNTS

NOVEMBER 9, 2017

Fourteen months since the Phase 1 roll out, 43 percent of financial institutions (FIs) now allow businesses to originate same-day ACH credit. Meanwhile, fewer than six percent of FIs currently offer SDA credit applications to consumers, either due to a lack of demand or simply because they haven’t yet implemented SDA solutions.

Same Day ACH 41

Same Day ACH ACH NACHA Origination 41

PYMNTS

DECEMBER 8, 2016

Less than two months after its implementation, Same Day ACH, the ubiquitous faster payments initiative for the payments industry in the United States, is showing a significant impact on the market, but it still has plenty to learn from those across the pond. In October alone, the ACH Network processed nearly $5 billion in 3.8

Faster Payments 69

Faster Payments Same Day ACH ACH NACHA 69

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. Last week, NACHA issued an ACH operations bulletin announcing the delay of the rollout of a third Same Day ACH (SDA) processing window by six months, to March 19, 2021.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

EBizCharge

JULY 18, 2024

Understanding an EDI payment and how it differs from Automated Clearing House (ACH) and Electronic Funds Transfer (EFT) is pivotal for efficient financial operations in an increasingly digital world. What are the differences between EDI, ACH, and EFT payments? What is an EDI payment?

ACH 52

ACH Transactions Payments Funds Transfer 52

PYMNTS

AUGUST 4, 2016

Phase One of Same Day ACH will officially launch in the U.S. It was then that NACHA proposed the shift to settling three times a day, ve days per week, to give consumers and businesses access to more efficient transactions. banks will be required to accept Same Day ACH payments, with the option to originate them as well.

Same Day ACH 41

Same Day ACH ACH NACHA Faster Payments 41

PYMNTS

DECEMBER 13, 2017

It has been 14 months since the first phase of Same Day ACH credits debuted, and in numbers via a joint study by PYMNTS and NACHA, business origination of Same Day ACH credit has been significant, with clear trends in place that show healthy use and demand. For some firms, Same Day ACH remains a matter of prioritization.

Same Day ACH 40

Same Day ACH ACH NACHA Payroll 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. a decade ago.

Faster Payments 73

Faster Payments Money Laundering Same Day ACH AML 73

FICO

MARCH 27, 2017

Are banks truly ready for same-day ACH? Between the Same Day ACH initiative launch on September 23, 2016 and December 31, 2016, there were more than 13 million same-day ACH transactions. NACHA provides a roundup of interesting statistics : Consumer demands and expectation will continue to drive the speed of payments faster.

Same Day ACH 40

Same Day ACH ACH AI Online and Mobile Banking 40

PYMNTS

NOVEMBER 3, 2020

But it's not only consumers driving demand for real time. The company connects banks to the technology so they can offer instant currency exchange across 18 currencies, with the ability to loop into an array of payment rails including SEPA, SEPA INSTANT, CHAPS, ACH, wire and more around the globe. Smaller FIs Drive Real-Time Demand.

Use Case 56

Use Case B2B Distributed Ledger Technology (DLT) ISO 20022 56

PYMNTS

JUNE 19, 2017

I remember having this conversation a decade ago” said Gurz, with banks and other firms about modernizing the payments infrastructure, and now consumers are demanding faster payments on the retail side. For years. “I One issue is that the payment rails currently in use were not designed to support a real-time environment.

Real Time Payments 64

Real Time Payments Faster Payments ACH Same Day ACH 64

PYMNTS

JANUARY 15, 2018

A notoriously clumsy, friction-filled industry, B2B transactions must forge new paths to boost efficiency as businesses demand global solutions, speed and transparency. Further, in NACHA’s most recent update on same-day ACH volume – which found $87.1

B2B 55

B2B Same Day ACH Innovation NACHA 55

PYMNTS

NOVEMBER 2, 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. When lives need rebuilding, receiving funds quickly is more than nice-to-have. About The Tracker.

Faster Payments 74

Faster Payments Same Day ACH NACHA Payments 74

Stax

JULY 9, 2024

More and more, cash-only businesses are falling by the wayside, unable to keep up with consumer demand for convenient electronic payments. The world of Electronic Funds Transfer (EFT) payments is vast, spanning just about every payment method you can think of. This post covers everything you need to know about EFT payments. Easy to use.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

PYMNTS

FEBRUARY 21, 2017

In last year’s NACHA Challenge Awards , a team competition that fosters payments innovation, Royal Credit Union earned the Audience Choice Award by proposing an API that lets companies validate consumer accounts in real time. Submissions for the 2017 NACHA Challenge Award are now being accepted through February.

Faster Payments 51

Faster Payments Same Day ACH NACHA Credit Union 51

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.,

Same Day ACH 71

Same Day ACH Faster Payments Ubiquitous ACH 71

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. From sourcing to invoicing, B2B transactions involve a lot of steps before the actual payment.

B2B 65

B2B Same Day ACH ACH Commercial Card 65

PYMNTS

JANUARY 21, 2021

FIs are introducing immediate payments to meet customers’ and clients’ demands, but banks and credit unions must ensure that they have the appropriate security approaches in place. Nacha — which governs the Automated Clearing House (ACH) in the U.S. — Around The Real-Time Payments World.

Real Time Payments 92

Real Time Payments RTP P2P Faster Payments 92

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. When Hurricane Matthew’s Category 5 bluster wreaked havoc on U.S.

Faster Payments 72

Faster Payments Same Day ACH ACH Payments 72

PYMNTS

DECEMBER 12, 2017

Released last week, December’s PYMNTS Faster Payments Tracker , powered by NACHA , tracks progress of faster payments initiatives throughout the U.S. billion in funds transferred using Same Day ACH, an average of $650 per transaction. But with the U.S. Together, they accounted for about $1.5 Another faster payments service in the U.S.,

Faster Payments 48

Faster Payments Same Day ACH B2B Zelle 48

PYMNTS

FEBRUARY 11, 2019

may be perceived as being a bit behind the demand of consumers. NACHA and Same Day ACH debuted EXACT DATE to enable same-day settlements through three settlement windows, and are currently exploring options to extend that availability on weekends and holidays. Now, we have checks, we have wires, we have ACH.

Faster Payments 78

Faster Payments Real Time Payments Same Day ACH Payments 78

PYMNTS

DECEMBER 13, 2017

14 | The number of months that have passed since the first phase of Same Day ACH credits debuted. Data from a joint study by PYMNTS and NACHA showed that business origination of Same Day ACH credit has been significant, with clear trends in place that reveal healthy use and demand. Here are the numbers: $42.5

Same Day ACH 49

Same Day ACH Verification Bitcoin Cryptocurrency 49

PYMNTS

NOVEMBER 27, 2020

Some parts of the payment process — especially the finalization of transactions — are typically invisible to consumers, creating the illusion that transactions clear within moments when the bulk of them are actually same-day or next-day ACH payments. It is also notable that 50 percent of Zelle’s users are ages 45 and older.

Real Time Payments 106

Real Time Payments P2P B2B Zelle 106

PYMNTS

FEBRUARY 4, 2019

Demand for these services is high. Use of Same Day ACH (SDA) — overseen by NACHA (The Electronic Payments Association) and the Federal Reserve — has risen. Meanwhile, NACHA called for continued attention on faster ACH’s value. Numerous payments schemes have rolled out since the U.K.

Faster Payments 73

Faster Payments Federal Reserve Real Time Payments TCH 73

PYMNTS

AUGUST 10, 2017

To address the need to standardize APIs, the National Automated Clearing House Association (NACHA) formed the API Standardization Industry Group in May. Carone, who’s also a member of NACHA’s API Standardization Industry Group, said banks and FinTechs are finding new reasons to collaborate using API solutions.

API 80

API FinTech Interoperability NACHA 80

PYMNTS

SEPTEMBER 2, 2016

Not only are Same Day ACH payments on the way, but they are expected to have huge impacts on the way payments are made throughout the payments landscape. As we learned in last week’s installment of the Countdown to Same Day ACH podcast series, the first phase of the Same Day ACH initiative launches on Sept.

Faster Payments 42

Faster Payments Same Day ACH ACH ACH Network 42

PYMNTS

DECEMBER 27, 2016

Enova’s 2016 payment innovations were powered by our real-time predictive analytics and on-demand decision-making technology. Through Enova Decisions, we were able to innovate and optimize our operational payment processes by building and implementing our Smart ACH™ solution. Enova also avoids unnecessary ACH fees in this way.

Innovation 44

Innovation ACH NACHA Nacha Rules 44

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.

Faster Payments 49

Faster Payments Same Day ACH Demand Deposit Account (DDA) ACH 49

PYMNTS

SEPTEMBER 21, 2018

Augmented reality (AR) and virtual reality (VR) have spent much of 2018 generating buzz as a potential tool for retailers looking to bridge the digital/physical gap and deliver an all-encompassing, omnichannel shopping experience. Retailers and merchants — big and small — have come running to the tech. AR/VR technology itself is not all that new.

Same Day ACH 77

Same Day ACH ACH NACHA Money Laundering 77

PYMNTS

JUNE 25, 2018

“The growth of real-time payments and the demand for contextually relevant data that can be used by consumers, banks and billers means bill payment services now need to focus on changing how payments fundamentally work and how they integrate into the broader experience,” said David Albertazzi, a senior analyst at Aite Group who worked on the report.

Same Day ACH 43

Same Day ACH Consumer ACH NACHA 43

PYMNTS

AUGUST 12, 2019

Senator Elizabeth Warren asks in a campaign ad, ignoring the fact that 93 percent of working Americans have their checks directly deposited into their bank accounts – ready for use on payday – using the ACH network. Ironically, perhaps, the ACH network’s first direct deposit use case was the U.S.

Real Time Payments 78

Real Time Payments FedNow TCH Fed 78