PYMNTS

OCTOBER 4, 2017

The October edition of the PYMNTS Faster Payments Tracker™ , powered by NACHA, looks at notable developments in the global remittance market, including new real-time payment tools for SMBs, blockchain and the latest trends in faster payments infrastructures, including the recent rollout of Same Day ACH Phase 2.

Zelle 40

Zelle P2P Same Day ACH NACHA 40

PYMNTS

DECEMBER 12, 2017

Federal Reserve made its own progress in exploring how the nation’s regulatory environment can support faster payments progress while maintaining security, while NACHA offered up some new data on same-day ACH volume growth in the country. billion in funds transferred using Same Day ACH, an average of $650 per transaction.

Faster Payments 48

Faster Payments Same Day ACH B2B Zelle 48

Payment Savvy

DECEMBER 11, 2023

Automated Clearing House ( ACH) transfers have revolutionized the way we handle our finances, offering a convenient and secure method to send and receive money electronically. Whether it’s receiving your paycheck through direct deposit or paying your bills online, ACH payment solutions have become an integral part of our daily lives.

ACH 52

ACH Wire Transfer Direct Deposit Wire 52

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. and one of two operators of the ACH network in the U.S., Then came PayPal’s debut of Instant Transfer to Bank. A Couple of Important Dots. Take the Fed.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

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

PYMNTS

JUNE 18, 2019

The rise of Zelle , and any number of peer-to-peer (P2P) payment options, has increasingly brought consumers on board with the need for speed in payments — where settlement is marked by seconds and minutes, not hours or days. The rollout of Same Day ACH several years ago served to kick-start the process.”.

RTP 78

RTP P2P B2B RFP 78

PYMNTS

NOVEMBER 6, 2018

Recently, NACHA — The Electronic Payments Association approved three new rules to update Same Day ACH services. 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

FEBRUARY 11, 2019

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. He pointed to Zelle , the U.S.-based

Faster Payments 78

Faster Payments Real Time Payments Same Day ACH Payments 78

PYMNTS

JUNE 25, 2018

Such reports come at a time of ACH growth. ACH debit and credit transactions totaled nearly 5.7 Those ACH debit and credit transactions marked a 5.9 The group said the strong uptick in transactions during the first quarter demonstrates the widespread use of ACH payments as well as the increased use of Same Day ACH transactions.

Same Day ACH 43

Same Day ACH Consumer ACH NACHA 43

Faster Payments Council

JUNE 11, 2020

Within the faster payments arena, we've got a lot.

Interoperability 68

Interoperability FPC Ubiquitous Faster Payments 68

PYMNTS

SEPTEMBER 17, 2018

Zelle hadn’t yet reached this small bank, and the instructions for how to enable that deposit weren’t clear enough for he or his bank to navigate. People with a bank account that’s not attached to the Zelle network may not have that certainty, even if they have a way to enable their bank account to accept a transfer of funds.

Rules 78

Rules Zelle Payments PayPal 78

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.

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

PYMNTS

APRIL 5, 2018

The volume of same-day automated clearing house (ACH) transactions is expected to rise over the coming months. According to a NACHA survey , 82 percent of financial institutions surveyed anticipate that Same Day ACH debit volume will grow at a rapid or steady rate. were supporting the mobile payment service.

Economy 43

Economy Zelle Same Day ACH P2P 43

PYMNTS

OCTOBER 2, 2019

The increased use and adoption of P2P technologies, like Zelle and Venmo, demonstrates the consumer demand for this type of frictionless payment option. There are many “flavors of fast” across interoperable systems, like Same Day ACH transactions, real-time payments and several daily settlement windows available from the FED.

C2B 81

C2B Faster Payments Real Time Payments Lockbox 81

PYMNTS

DECEMBER 5, 2017

Direct deposits, push payments, eWallets, same-day ACH transfers, PayPal, Zelle and myriad other platforms and tools are now second nature. The digital economy is here and, for many consumers, it has become a way of life. But, with this progress comes friction in the form of a payments patchwork.

Consumer 56

Consumer Same Day ACH C2B B2C 56

PYMNTS

AUGUST 2, 2018

As Americans increasingly turn to their mobile devices to instantly pay through peer-to-peer (P2P) services like Venmo and Zelle, the act of writing a check or heading to the ATM for quick cash is becoming a thing of the past. Borrowers are paid via ACH transfers and receive their funds within three to five days.

P2P 55

P2P Venmo Zelle Same Day ACH 55

PYMNTS

MAY 4, 2017

According to recent data , the Same Day ACH offering was used to make 1.8 billion in Q4 2016, the first full quarter of Same Day ACH Credit availability. Getting younger players on board with services like Venmo, Zelle and others enables these users to act as “early adopters” of the systems.

Faster Payments 41

Faster Payments Venmo Zelle P2P 41

PYMNTS

FEBRUARY 22, 2017

This year, Fiserv is nominated for yet another PYMNTS Innovation Project award, this time for the NACHA Best Innovation in ACH Award. ” Fiserv is yet again nominated for a PYMNTS Innovation Project Award , this time for the NACHA Best Innovation in ACH Award. . “Security tends to always be a requirement.”

NACHA 51

NACHA Same Day ACH ACH Innovation 51

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

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

SEPTEMBER 30, 2016

Early Warning aka Zelle is adding more banks and doing deals with the networks. NACHA just launched Same Day ACH – the only faster ubiquitous payments play in the U.S. ACI and Vocalink inked a deal. with the distinction of not having a regulator mandate that the banks in the U.S.

CFPB 69

CFPB Online and Mobile Banking Bots Same Day ACH 69

PYMNTS

SEPTEMBER 17, 2019

That perspective, along with the evolution of instant payments, shows that the catalyst for instant disbursements was P2P marketplaces, she said, as well as the upsurge of volume on platforms like Venmo and Zelle over the last three to five years.

Instant Payments 70

Instant Payments FedNow Push-to-Card Payments 70