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. With faster payments functionality beginning to take off in the U.S., As Rimilia expands into the U.S.,

Faster Payments 75

Faster Payments Accounts Remittance Data Same Day ACH 75

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

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. However, SWIFT is facing new competition from rising FinTech players. In the U.S.,

Same Day ACH 40

Same Day ACH Cross-Border ACH SWIFT 40

PYMNTS

FEBRUARY 25, 2020

The drive to digitize B2B transactions with technologies like virtual cards and ACH can certainly connect businesses to more transactional information, however rarely is that data moved seamlessly and with enough context. It’s for these reasons that emerging payment methods like ACH can actually add burden to business operations.

Remittance Data 69

Remittance Data Same Day ACH ACH B2B 69

PYMNTS

NOVEMBER 6, 2018

Recently, NACHA — The Electronic Payments Association approved three new rules to update Same Day ACH services. SWIFT also recently rolled out a new initiative, one aimed at connecting real-time payment systems. Meanwhile, Early Warning Services ’ Zelle network is also getting more robust.

Faster Payments 53

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

PYMNTS

OCTOBER 2, 2019

Despite moves toward ACH payments and card payments, Kresse reminded that the classic B2B transaction is still fraught with emails and PDFs, which often disconnect critical data from the payment. How does this differ from a SWIFT transaction? For those who are aware of faster payments, there’s all sorts of confusion.

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C2B Faster Payments Real Time Payments Lockbox 81

PYMNTS

MARCH 2, 2018

Webster noted many payment-related phrases are thrown around the financial industry that tend to be used for the same thing but do not mean the same thing — not in practice anyway. A quick rundown of terms would include fast funds, Same Day ACH and, of course, “real-time payments,” which seems to be a catchall phrase.

Instant Payments 48

Instant Payments ACH Real Time Payments Push-to-Card 48

PYMNTS

OCTOBER 29, 2020

Firms are also looking at options like same-day ACH and The Clearing House 's RTP network as they explore how to speed up B2B transactions. Same-day ACH may appeal to some companies, while the RTP network suits others, for example. Inside Businesses’ Faster Payments Selections.

Faster Payments 43

Faster Payments Same Day ACH Real Time Payments Payroll 43

PYMNTS

JULY 28, 2016

Another big confusion point for ISO 20022 is its application to ACH – and now Same Day ACH. Estep makes it clear that the concept of Same Day ACH needs to be separated from ISO. and globally, understand the current capabilities of the ACH network in the U.S. NACHA calls this work integration.

ISO 20022 40

ISO 20022 ISOs NACHA ACH 40

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. While the U.S.

Cross-Border 40

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

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.,

Cross-Border Payments 43

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

PYMNTS

JUNE 21, 2018

Finally, adoption of cutting-edge B2B payment technologies could be on the rise, with nearly two-thirds of survey respondents reporting that their businesses are already using same-day payments or other faster payment technologies. One-third said their payment rail of choice for faster transactions is Same-Day ACH.

Faster Payments 44

Faster Payments Blockchain Same Day ACH Commercial Card 44

PYMNTS

MAY 4, 2018

Data published by NACHA late last year found that just 6 percent of same-day ACH transactions were B2B; the remaining were consumer-initiated payments to businesses. “It’s not as though companies are sitting around saying, ‘We have to get accounts payable paid faster.’

Same Day ACH 46

Same Day ACH P2P B2B Cross-Border 46

PYMNTS

AUGUST 3, 2017

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. A group of 22 global banks announced their participation in a proof of concept for cross-border payments from financial messaging service provider SWIFT.

Community Banks 46

Community Banks Faster Payments NACHA Cross-Border Payments 46

PYMNTS

JUNE 27, 2019

According to the latest PYMNTS Faster Payments Tracker , Same Day ACH volume has seen a 24 percent increase year over year between the first quarter of 2018 and the first quarter of 2019. New faster payment initiatives are popping up around the world, from Saudi Arabia to Brazil to Australia. In the U.S.,

Faster Payments 40

Faster Payments Risk Real Time Payments Fraud Detection 40

PYMNTS

SEPTEMBER 30, 2016

SWIFT has its thing, IBM is doing something else and allegedly with The Clearing House and Vocalink (although it’s been crickets from TCH for quite some time). NACHA just launched Same Day ACH – the only faster ubiquitous payments play in the U.S. Faster Payments. It’s not that real-time payments are bad or even a fizzle.

CFPB 69

CFPB Online and Mobile Banking Bots Same Day ACH 69

PYMNTS

SEPTEMBER 6, 2018

SWIFT , for one, has received approval to connect to TIPS and will offer access through its forthcoming SWIFTNet Instant platform. As the TARGET Instant Payment Settlement (TIPS) nears its launch date, major financial players are busy at work, ensuring they will be prepared to give their clients access to the service.

Faster Payments 40

Faster Payments Instant Payments Payments Central Bank 40

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

PYMNTS

MARCH 28, 2016

Something that NACHA’s Same Day ACH rulemaking provides for and which the Fed blessed. today – down significantly over the last 10 years, thanks to scheduled ACH payments like mortgage and car loan payments and the massive reduction (thank goodness) of checks presented to merchants at the point of sale.

Faster Payments 48

Faster Payments Checks Payments Fed 48

PYMNTS

MARCH 7, 2016

And with multiple solutions facing the industry to enable this new capability: Same Day ACH will begin its Phase One rollout this fall. SWIFT has recruited 45 or so banks and let it be known that it wants to throw its faster payments platform hat into the ring. Instantly, and irrevocably.

Online and Mobile Banking 46

Online and Mobile Banking Payments Same Day ACH Financial Inclusion 46