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.”.

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Small Business Same Day ACH Wire Transfer NACHA 68

PYMNTS

SEPTEMBER 14, 2018

NACHA has tapped AeroPay Express as its newest Preferred Partner for B2B Electronic Payment Enablement, the organization said Thursday (Sept. As a Preferred Partner, AeroPay Express is part of a larger group that supports NACHA’s efforts to promote payments innovation.

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NACHA B2B Payer Payments 49

PYMNTS

JULY 5, 2017

Meanwhile, ACH payments increased, with businesses sending an average of 29.8 According to the report, the value of ACH transfers and checks combined reached $148.5 According to the report, the value of ACH transfers and checks combined reached $148.5 checks a month in 2015, down from an average of 66 per month in 2000.

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Fed ACH Checks Federal Reserve 51

PYMNTS

APRIL 21, 2020

Today’s unprecedented market environment has businesses finally taking the plunge to migrate away from checks as payers seek digitization and payees seek transaction visibility. NACHA Notches ACH Growth. The most recent figures for ACH adoption released by NACHA were promising, with the ACH Network recording a 7.1

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NACHA Correspondent Bank Real Time Payments Push-to-Card 82

PYMNTS

JUNE 12, 2017

From shifting use of various payment rails like ACH and cards, to deployment of FinTech technologies, to changing supplier payment habits, the report offers a glimpse at the current state of B2B payments – and where the industry may be headed. “As But how businesses reshape their payment practices varies. Payments Rails.

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Payer ACH FinTech Push-to-Card 60

PYMNTS

FEBRUARY 19, 2019

When NACHA first released its Same Day ACH capability, only about 6 percent of the first 2 million transactions made in the service’s first 11 days were B2B payments. where he doesn’t see the same type of regulatory pressure on late payers that the U.K. As Rimilia expands into the U.S., and Europe have imposed.

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Faster Payments Accounts Remittance Data Same Day ACH 75

PYMNTS

JANUARY 15, 2018

Last June, NACHA and the Credit Research Foundation said that at present, paper checks make up half of B2B transactions received in the accounts receivable department; ACH accounts for less than a third. Further, in NACHA’s most recent update on same-day ACH volume – which found $87.1

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B2B Same Day ACH Innovation NACHA 55

PYMNTS

MARCH 6, 2018

While B2B payments companies are pressing businesses to ditch the paper check, the migration toward electronic payments has centered mainly on ACH. Commercial credit and debit cards , meanwhile, currently make up just 11 percent of payments that come into AR, while professionals told NACHA that they expect cards to hold 12.5

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ACH NACHA Commercial Card B2B 46

PYMNTS

MARCH 20, 2018

similar initiatives were introduced in the financial services sector for the nation’s own implementation of faster payments via Same Day ACH, which launched only months ago. Transaction limits, as cited by the RBA’s Bullock, were also cited by NACHA’s Executive Vice President Jane Larimer as a simple yet effective anti-fraud measure.

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Faster Payments Central Bank Risk Same Day ACH 46

PYMNTS

NOVEMBER 13, 2019

as service providers old and new introduce more options for consumer and business payers to move money quickly and, in some cases, instantly. payers have already demonstrated their eagerness for faster payment options. In addition, Nacha ‘s inability to offer always-on, 24/7 real-time capabilities is its greatest weakness.

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Real Time Payments Faster Payments Federal Reserve RTP 51

PYMNTS

OCTOBER 21, 2019

The decision will be made based upon an array of factors, including which payment method offers the lowest cost to the payer, enables the fastest delivery and other parameters pre-established by the treasurer client. If not, the payment will then automatically be initiated via ACH.

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Faster Payments Same Day ACH Automation RTP 40

PYMNTS

NOVEMBER 20, 2019

The market is seeing increased usage of automated clearing house (ACH) payments in particular, according to Nacha, which reported that more than 306.7 million ACH electronic funds transfer (EFT) payments were made from health plans to health providers in 2018 — an 11.5 This put the value of ACH-based healthcare payments at $1.59

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Real Time Payments Electronic Funds Transfer (EFT) ISO 20022 Payer 44

PYMNTS

JUNE 29, 2018

Peters noted that it is a step in the right direction for this market — a multi-trillion dollar segment of the insurance space — to embrace digital data, but emphasized that the movement of data remains separate from the movement of funds, even if healthcare providers and insurance firms adopt electronic payment rails like ACH. ”

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Faster Payments Same Day ACH ACH Remittance Data 40

PYMNTS

OCTOBER 10, 2018

When it comes to business-to-business (B2B) transactions, paper checks are often the villain, cards an expensive but quick underdog, and ACH and its non-U.S. “Not every country has an ACH-compatible option, so wires as a payment method are still necessary for cross-border payments.” counterparts are not available.

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Wire Transfer Wire Wires Cross-Border 46

PYMNTS

MARCH 29, 2018

But with an intermediary FinTech facilitating these transactions, Chanda said his customers are less inclined to delay vendor payments, while the transaction itself is less likely to include errors because the payer has handed off the payment process to a specialist.

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Checks B2B ACH Payments 43

PYMNTS

MAY 31, 2018

It’s almost as if these various players are all speaking different languages, according to George Throckmorton, managing director of NACHA , The Electronic Payments Association, who equated the payments industry to a digital Tower of Babel. The tide is finally beginning to turn, however.

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ISO 20022 ISOs Interoperability NACHA 40

EBizCharge

APRIL 25, 2024

When someone initiates an EFT, the payer’s bank sends a message to the recipient’s bank through a secure system with instructions to credit the account with the specified amount. What is an ACH transfer? ACH transfers are common for low- or mid-value payments that don’t require immediate settlement.

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Wire Transfer Wire Wires Electronic Funds Transfer (EFT) 52

PYMNTS

AUGUST 3, 2017

A report released by the Federal Reserve last month revealed news that checks and ACH surpassed use of credit and debit cards among business payers, while separate data from NACHA released in June found cards make up just 11 percent of all B2B payments. Maybe you’re not willing to pay the wire transfer fees for every payment.

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Cash Management Commercial Card Push-to-Card B2B 43

PYMNTS

FEBRUARY 20, 2018

Same Day ACH became a reality in 2017 after the National Automated Clearing House Association (NACHA) introduced its faster payments infrastructure to the market. In the U.S., In addition, innovators the world over are exploring how technologies like blockchain could address payments speeds and efficiency on an international level.

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

PYMNTS

FEBRUARY 9, 2017

Payees do not want to release their lien rights until they’ve been paid, and payers are often required to collect these documents to protect themselves and also provide them back to whoever is financing the project.”. So, we initiate an ACH transfer, we pull those funds into a trust account and there they sit.”. About The Tracker .

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Faster Payments Payments NACHA Payment Solutions 48

PYMNTS

AUGUST 3, 2016

“As government and commercial payers reduce reimbursement levels, many hospitals are seeing their margins shrink,” explained Becker’s Hospital Review in a recap of the event. In 2014, NACHA revealed that it initiated collaborations with health care companies to help the industry adopt ACH payments. Former U.S.

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Checks B2B NACHA Treasury Management 40

PYMNTS

JUNE 5, 2018

Working with PayPal, the company said, could ease friction for both payers and payees in the B2B payment process, encouraging firms to pay their vendors more quickly. “ Checks are on the decline, as they’re costly and labor intensive to process,” Underwood explained. But change is happening.

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B2B PayPal Payments Payee 46

PYMNTS

OCTOBER 31, 2017

One of the biggest pro-check arguments in B2B payments today is that the payment rail lets corporate payers get a few extra days off to float cash. A recent survey from NACHA found that AR executives know this shift is in the works.

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Treasury Management Treasury Remote Deposit Capture Disputes 41

Nanonets

MAY 30, 2023

 Both payer and payee receive notifications of funds transfer, which makes it a dependable process. There is no possibility of bounced checks or payment reversals because payment can only be made if there is a sufficient balance in the payer’s account. Advantages Transactions are secure and quick.  Both

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Payment APIs and Integration Credit Cards Online and Mobile Banking Payment Reconciliation 52

PYMNTS

JULY 18, 2017

One-third said they predict paper checks will die within five years , a finding that coincides with separate research from NACHA and the Credit Research Foundation that found ACH B2B payments are expected to finally surpass paper checks by 2020. We break down the highlights of the survey below.

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B2C B2B Payments Trends Direct Deposit 41