Same-Day ACH Puts a Nail in 'Manual' Fraud Prevention
Payments Source
SEPTEMBER 20, 2016
The tighter processing deadlines of same-day ACH mean that conventional fraud prevention measures will no longer be adequate or effective.
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Payments Source
SEPTEMBER 20, 2016
The tighter processing deadlines of same-day ACH mean that conventional fraud prevention measures will no longer be adequate or effective.
PYMNTS
SEPTEMBER 17, 2018
NACHA — The Electronic Payments Association — announced that its membership has approved three new rules that will expand Same-Day ACH for all financial institutions and their customers. Funds from Same-Day ACH credits processed in the existing first window will be made available by 1:30 p.m.
Stax
MARCH 27, 2025
Thats why 92% of consumers and 82% of companies reportedly made the switch to electronic payments, like Electronic Funds Transfers (EFT) and Automated Clearing House (ACH). EFT and ACH payments are fast, secure, and hassle-free. EFT and ACH offer more security and convenience than cash and checks, but they also come with limitations.
PYMNTS
OCTOBER 10, 2016
NACHA’s launch of Same Day ACH ushered in three settlement windows, enabling ACH payments to be received same day. The Road To Process Improvement. As Throckmorton pointed out, it’s not about moving money but more about making processes better, more standard and more secure.
PYMNTS
MARCH 13, 2019
NACHA, national administrator of the ACH network, said a third processing window for same-day transactions will be postponed for six months until the Federal Reserve Board of Governors (Fed Board) approves the initiative. In the latest example, PayPal Holdings Inc. and The Clearing House as partners.”.
Payments Source
MARCH 13, 2019
After more than two years of successful operation in delivering Same-Day ACH payments, Nacha's request to add a third processing window has been denied by the Federal Reserve, which says it has to obtain public comment on the concept.
PYMNTS
SEPTEMBER 15, 2017
In a recent interview with PYMNTS’ Karen Webster, Jane Larimer, chief operating officer at NACHA, said the financial services industry has done much preparation in terms of enhancing systems and processing, in tandem with significant testing, after a smooth Phase 1 of Same Day ACH debuted last September.
PYMNTS
AUGUST 31, 2017
September will be a big month for NACHA’s Same-Day ACH initiative. 15, NACHA will roll out phase two of its Same-Day ACH Rule, and small businesses stand to gain significantly from the effort, according to reports at Nav.com. It incorporates more payment scenarios into the Same-Day ACH initiative.
PYMNTS
OCTOBER 4, 2020
Nonprofit Nacha , which enables Automated Clearing House ( ACH ) payments, has adopted eight new amendments to the Nacha Operating Rules that a press release said will help to modernize the payment style. The amendments concern Same Day ACH and new ways of making ACH payments easier to use, the release stated.
Payments Source
OCTOBER 20, 2016
The fact that the number of cybersecurity incidents affecting companies is rising at an alarming rate year over year hardly raises eyebrows anymore.
Payment Savvy
MAY 16, 2023
The backbone of these developments is none other than America’s Automated Clearing House (ACH) which facilitates seamless electronic transactions between banks and financial institutions within its network. Instant ACH transfers have gained prominence as they cater to the increasing demand for expedited financial transactions.
PYMNTS
SEPTEMBER 7, 2017
payment system has embarked on the financial equivalent of a film trilogy with its Same Day ACH initiative, an initiative which will bring big changes to the ACH Network. Those same organizations are now working to make sure the next stage unfolds smoothly as well. Y2K all over again.
PYMNTS
FEBRUARY 7, 2017
NACHA wants to quell any anxieties about the rollout of Same Day ACH, and the latest data from the payments group should breathe new confidence in banks that have adopted the technology. The association released the latest data on the rollout of Same Day ACH thus far with a new report today (Feb.
PYMNTS
SEPTEMBER 15, 2017
In an interview with PYMNTS’ Karen Webster, Jane Larimer , chief operating officer at NACHA , said that the implementation of Phase 1 of Same Day ACH has gone smoothly, with a live debut last September. We’re seeing robust use of same-day ACH credits,” said Larimer. We are excited for this to go live.”.
PYMNTS
MAY 3, 2016
A survey published by financial security software firm NICE Actimize found that a whopping 93 percent of banks anticipate new fraud threats resulting from Same Day ACH. Same Day ACH is slated to see its first rollouts among U.S. We haven’t seen the first rollouts [of Same Day ACH] yet.
PYMNTS
JANUARY 25, 2017
The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, just released findings from the Same Day ACH transaction volume data for Sept. Same Day ACH is an industry initiative toward faster payments. Direct Deposit comprised 52 percent of Same Day ACH volume, or 6.8
PYMNTS
AUGUST 24, 2017
There’s much to look forward to as the September rollout of Phase 2 of Same Day ACH (Debit Pull) looms, but David Barnhardt, executive vice president of full-service payment and verification solutions provider GIACT , thinks there’s just as much reason for caution. “I Don’t Be Used by Use Cases.
Payments Source
JUNE 27, 2017
Particularly at risk are service providers with high volumes of automated or customer-initiated debit payments, such as cell phone service providers, utilities, cable companies, insurance, and retailers.
PYMNTS
APRIL 17, 2017
On Friday (April 14), NACHA released more stats about ACH to explore how businesses are using the payment rail — same-day or not. According to the data, the number of ACH transactions in 2016 topped 25.6 Same-day direct deposits accounted for more than half of that Same Day ACH volume, with B2B payments making up a third.
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. How Fraudsters Attack.
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. 23 to go smoothly is that the ACH network is already being used by banks and consumers.
FICO
MARCH 27, 2017
Today could be that day. 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. ACH is a different animal. How to fight back.
PYMNTS
SEPTEMBER 21, 2016
In just a matter of days, the payments industry will see a significant — and ubiquitous — change in the way payments are sent and received. Same Day ACH will create a new option for faster payments for all the banks and credit unions across the U.S. Both are about moving payments faster than they are today.”.
The Fintech Times
MAY 3, 2025
This ensures businesses and consumers benefit from faster processing times so consumers receive their money when and where they need it. Cross River and Aion have previously partnered to enable instant payments domestically via RTP and FedNow, as well as traditional methods such as ACH, same-day ACH and Wires.
Payments Source
JANUARY 25, 2017
Direct deposit transactions accounted for 52% of all transactions processed through the speedier system.
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.
Payments Source
SEPTEMBER 15, 2017
A year after launching the same-day Automated Clearing House process for credit payments, Nacha says same-day ACH for debit payments began Friday.
PYMNTS
JANUARY 28, 2020
This week’s examination of the latest innovation initiatives finds this to be true both for innovators exploring ways to improve existing rails — like ACH — as well as those that have embraced the development of entirely new rails, including real-time payments (RTP) and blockchain-powered transactions. Same-Day Boosts ACH Adoption.
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.
PYMNTS
APRIL 22, 2020
In a recent conversation with PYMNTS, Everee CEO Brett Barlow, as well as Co-founder and President Ron Ross, discussed how to help employers take the leap from the legacy of biweekly payroll, and why innovations in the ACH network have finally opened up the doors to a new normal of employee compensation. ACH Innovation Breaks The Mold.
PYMNTS
APRIL 11, 2018
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. The continued robust growth comes as no surprise as the ACH Network continues to evolve to meet the needs of financial institutions, businesses and consumers.”. “The
Stax
JUNE 27, 2024
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. While they’re both electronic modes of payment, they have stark contrasts when it comes to their processes.
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.
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. In 2024, the EPN system processed 20.7 ACH commercial volume last year. billion transactions worth $56.4
Clearly Payments
MAY 22, 2025
ISO (Independent Sales Organization) A reseller of payment processing services. Bank Account Where funds are deposited after processing. Next-Day Funding Receiving funds in your account the next business day. Same-Day Funding Receiving funds the same day a transaction is settled.
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?
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.
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.
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.
Payments Source
OCTOBER 12, 2017
Same-day ACH debits rolled out last month, a year after same-day credits, cutting processing time for these payments from a couple of days to a few hours — but for many emerging use cases, that’s not fast enough. And debit is filling the void.
PYMNTS
OCTOBER 6, 2020
The tie-up will harness Boost Intercept, which is a technology for straight-through processing and Dynamic Boost, which uses rules-based pricing for commercial card payments. Nacha Adopts Eight ACH Payment Updates. The amendments regard Same Day ACH and new methods of making ACH payments simpler to use.
PYMNTS
NOVEMBER 16, 2016
Their partnership will allow financial institutions to offer real-time and same-day ACH payments as a white-labeled solution, reports said. “It gives our mutual bank and channel partners an extraordinary real-time and ACH value package as they promote faster payments.” The company said Tuesday (Nov.
PYMNTS
MAY 1, 2019
Payments processing and financial message integration company Volante Technologies is expanding its Payments-as-a-Service offering for financial institutions in the U.S. ACH, Same Day ACH, Zelle, RCH RTP clearing and settlement, and SWIFT cross-border payments are all supported under the solution.
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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