PYMNTS

NOVEMBER 18, 2020

Ledford explored some of those emerging use cases and offered insight into what's next for the RTP network that could add even more opportunities for financial institutions (FIs) and businesses to extract value from real-time payments. Today's Most Valuable Use Cases. What Will Drive Adoption Tomorrow?

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RTP Use Case Real Time Payments ISO 20022 82

PYMNTS

OCTOBER 10, 2016

NACHA’s launch of Same Day ACH ushered in three settlement windows, enabling ACH payments to be received same day. NACHA offers an ISO 20022 Mapping Guide to businesses that enable them to send ISO formatted messages to financial institutions that can then move those payments and information through the ACH Network.

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Same Day ACH ACH ISO 20022 NACHA 76

Clearly Payments

OCTOBER 31, 2024

Primary Use Cases : CBDCs are designed to enhance financial inclusion, streamline payments, and provide a government-regulated alternative to cryptocurrencies and private digital payment providers. China’s digital yuan (e-CNY), for instance, has already processed over $250 billion in transactions as of 2023.

Online and Mobile Banking 98

Online and Mobile Banking RTP BNPL Debit Card 98

PYMNTS

NOVEMBER 3, 2020

In this week's roundup of payment rail innovation, PYMNTS finds B2B payments use cases serve as an important driver of adoption, with FinTechs and financial service providers embracing payment rails old and new to enable real-time B2B payments and foreign exchange. B2B Drives ACH Volume Up.

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

The Fintech Times

MAY 3, 2025

The bank will continue to invest in expanding supported use cases, countries, and currenciesenhancing the infrastructure to meet the evolving needs of fintech partners and enabling more businesses and consumers to move money globally with speed, security, and confidence. .”

International Payments 69

International Payments Cross-Border Cross-Border Payments Same Day ACH 69

PYMNTS

OCTOBER 15, 2020

Moving Beyond ACH . ACH might be among the most readily visible paper check killers — and as Nacha’s Larimer noted, “we need more than just ACH to make huge inroads [against checks]. Real time and the ACH network can actually work together to displace paper checks.” So that is certainly an aspiration.

Real Time Payments 125

Real Time Payments NACHA SWIFT TCH 125

The Fintech Times

MARCH 6, 2025

Some notable schemes users will have access to include: Swift ACH Fedwire SEPA FPS Solana Tron Polygon Ethereum BNB Smartchain Bitcoin Cardano Integrating the wallet Fintechs, crypto apps, PSPs , marketplaces and payroll platforms can embed the multicurrency wallet into their platform via API.

Stablecoins 59

Stablecoins Payment APIs and Integration FedWire Multi-Currency 59

PYMNTS

NOVEMBER 16, 2016

NACHA, the payments association behind the ACH Network, said Tuesday (Nov. million Same Day ACH transactions occurred in October, the first full month after the initial Sept. Is this all a case of current users adopting, and adapting to, same-day availability of fund flows? If you build it, they will come. 15) that 3.8

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Same Day ACH ACH ACH Network NACHA 67

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. ACH commercial volume last year. ACH volume has been growing across all user types and use cases. year over year. .

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ACH Network ACH Continuity Same Day ACH 59

PYMNTS

NOVEMBER 15, 2016

The Electronic Payments Association, NACHA, has released volume data tied to the first calendar month of same-day ACH transactions. As has been reported, October marks the first full month of activity following the September 23 implementation of Phase I of the Same Day ACH movement, with an attendant goal of making payments faster.

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Same Day ACH NACHA ACH Direct Deposit 56

PYMNTS

AUGUST 10, 2020

Learning from past mistakes will be important, he said, considering that there were roughly 120 million ACH, 36 million checks and about 4 million debit cards issued in the first funding round. Expanding The Use Cases. What’s going to change that are some new use cases,” Waterhouse predicted.

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Real Time Payments RTP TCH Federal Reserve 138

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.

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Same Day ACH ACH NACHA AAP 46

Nanonets

MARCH 21, 2023

What is an ACH transfer? ACH (Automated Clearing House) payments are basically EFTs ( electronic fund transfers ) that use the ACH network to move funds between bank accounts in the United States. ACH is most commonly used for direct deposit of payroll, payment of bills, and business-to-business payments.

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ACH RDFI ACH Network ODFI 52

PYMNTS

SEPTEMBER 26, 2019

market through the delivery of an automated clearing house (ACH)-based debit offering for businesses. In a PYMNTS interview with Karen Webster, Pranav Sood, vice president of International Expansion at GoCardless, said the stage seems to be set for ACH debit adoption. That tally, he said, does not take ACH credit into consideration.

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ACH B2B Payments Checks 51

PYMNTS

SEPTEMBER 21, 2016

Same Day ACH will create a new option for faster payments for all the banks and credit unions across the U.S. Two new same-day settlement windows will be added to the ACH Network, which will increase the actual movement of funds between all those financial institutions from once a day (at the beginning of the day) to three times a day.

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Faster Payments Same Day ACH ACH ACH Network 76

PYMNTS

APRIL 26, 2016

Access to real-time data analytics can have the power to change the way these types of decisions are made, making it no surprise that businesses are seeking real-time decision-making capabilities for a variety of different use cases. She wondered how this might impact, if at all, Enova Decisions’ ACH product offering.

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ACH Same Day ACH Payments Use Case 44

PYMNTS

JANUARY 18, 2018

The volume of same-day automated clearing house (ACH) transactions is expected to rise over the coming months, BusinessInsider reported. 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. billion transferred.

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NACHA ACH Same Day ACH Transactions 43

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. That assertion is backed up by the numbers.

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Same Day ACH ACH NACHA Debit Transaction 48

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.

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Same Day ACH ACH Enrollments Verification 46

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. Fifty-five percent of these FIs see emergency payroll as a very or extremely important SDA credit use case, and 41 percent see loan payments as the top SDA debit use case.

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Same Day ACH ACH NACHA Origination 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.

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Same Day ACH ACH NACHA Payroll 40

PYMNTS

NOVEMBER 22, 2016

And in the latest installment of Data Drivers, statistics show that the recently launched Same Day ACH initiative has got businesses, and consumers, moving to manage cash flow on a daily basis, across a variety of use cases. million in direct deposit [across Same Day ACH] … it’s a bit more than what I thought. 13 percent.

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Same Day ACH ACH NACHA Direct Deposit 65

PYMNTS

FEBRUARY 15, 2018

Transactions in these use cases don’t simply go from Point A to Point B. We’re bringing back the old ACH online payments into the game,” he said, “which normally is only used for mortgage payments or topping up a balance on PayPal or something like that.”. Alas, ACH is a far-from-perfect payment rail, Koeppel admitted.

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ACH Blockchain Payment APIs and Integration Cross-Border 43

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. B2B payments and payroll were cited as two of the strongest use cases for Same Day ACH, NACHA said.

Same Day ACH 43

Same Day ACH ACH NACHA Faster Payments 43

PYMNTS

JANUARY 8, 2021

In short, the global pandemic has ushered in rising usage — and use cases — for TCH’s RTP ® network, and Whisler doesn’t see that slowing down anytime soon. As far as fees are concerned, she explained that existing competition from other providers, card networks and same-day ACH will likely keep fees in line. “To RTP Outlook.

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RTP TCH Funding Agent Continuing Education 139

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.

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API Same Day ACH NACHA ACH 79

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.

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Same Day ACH Faster Payments Void ACH 67

Fintech News

JANUARY 30, 2024

This integration enables organisations worldwide to incorporate various payment methods, such as card payments and instant bank transfers, including ACH transactions in the U.S., Nuvei aims to continue exploring collaborative opportunities with Microsoft across various geographies and use cases.

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Reconciliation Near Real-Time Payments Real Time Payments 111

Fintech Finance

SEPTEMBER 13, 2024

In particular, the guideline outlines operational differences that financial institutions need to understand, including how real-time payment networks differ from traditional ACH and wire transfers.

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Instant Payments Faster Payments FPC Real Time Payments 131

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. The firm cited business payments to contractors and vendors or loan disbursements as a few of the use cases for real-time funds transfer.

Real Time Payments 71

Real Time Payments Remote Deposit Capture Same Day ACH ACH 71

EBizCharge

DECEMBER 18, 2024

3 types of clearinghouses Understanding the various types of clearinghouses, their use cases, and the different individuals and businesses they support will help you navigate these systems more effectively. ACH networks process transactions in batches, making them cost-effective and suitable for high volumes.

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Facilitators Transactions Settlement Mitigation 52

PYMNTS

AUGUST 12, 2019

That’s the talk track now from the Fed , which a week ago today announced its plans to build and operate a new set of real-time rails, using accelerated access to employer paychecks as its launch use case. 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

SEPTEMBER 9, 2020

Most of the existing banking technology infrastructure is monolithic and designed for batch-based processing of ACH and wire payments," he said. Finding The Most Valuable Use Cases. Look toward the push-to-debit payments capability as an example of how use case identification can support adoption.

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Real Time Payments Faster Payments Use Case Payments 97

PYMNTS

JANUARY 26, 2021

First, it includes an ID&V (identity and verification) process with the customer’s bank, and the token once provisioned can include controls that limit it to its specific intended use. The merchant settlement use case for the RTP network is probably one we never saw coming,” Waterhouse said. However, with U.S.

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Real Time Payments RTP RFP TCH 109

PYMNTS

MAY 3, 2017

Meanwhile, other companies are stepping up their investments in a variety of faster payment options, from blockchain-powered tools to P2P solutions to ACH. The most recent statistics from NACHA found that ACH transaction volume jumped by 5.3 percent to 25.5 billion in 2016, with an estimated value at $43.7

Faster Payments 42

Faster Payments P2P Venmo Use Case 42

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. Impact On Same Day ACH Rollout.

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Same Day ACH ACH ODFI Faster Payments 40

PYMNTS

SEPTEMBER 15, 2020

In a statement, First Horizon noted that the service addresses the growing demand for accelerated payments across a range of use cases, including payroll and commission payouts. There is very much still this need to bridge traditional markets and regulation with this FinTech 2.0, and we seem to be that bridge.".

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RTP Blockchain Distributed Ledger Technology (DLT) Cross-Border 105