PYMNTS

NOVEMBER 10, 2020

Nacha has announced that Phixius, which facilitates the trusted exchange of payment information, has officially gone live, according to a press release. George Throckmorton , Nacha's managing director and executive director of Afinis API Standards, said the company is "excited" to have Phixius finally go live.

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PYMNTS

NOVEMBER 30, 2017

NACHA has revealed news that B2B payments company Bottomline Technologies is its newest partner. 29), NACHA said Bottomline Technologies Paymode-X has been chosen as its Preferred Partner for Business-to-Business Payments. The world of payments is evolving. In an announcement made Wednesday (Nov.

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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.

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B2B Same Day ACH NACHA ACH 89

The Paypers

OCTOBER 2, 2018

(The Paypers) NACHA has announced that the Business Payments Directory Association will become an independent, self-governed group under the NACHA organization.

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The Paypers

OCTOBER 4, 2018

(The Paypers) US-based NACHA , which manages the nation’s ACH network, has acquired Business Payments Directory Association (BPDA).

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NACHA Business Payments Acquirers ACH Network 28

PYMNTS

MARCH 9, 2020

Along those lines, the B2B API Tracker® details the new effort by the National Automated Clearing House Association (NACHA) to create its new Phixius payments data-sharing platform. It’s been kind of a puzzler why B2B remains a holdout on instant payments, still doing close to half of its payments by paper check last year.

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PYMNTS

MARCH 23, 2017

That means businesses on both sides of the transaction should be aware of cutoff times for ACH payment submission and collections and whether their financial institutions provide payment confirmation. Taking advantage of Same Day ACH, the company noted, also means understanding how NACHA will roll out the technology.

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The Paypers

APRIL 8, 2020

BlueSnap has become a Nacha Preferred Partner for digital commerce and business-to-business payments.

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PYMNTS

MARCH 18, 2019

Last week, NACHA issued an ACH operations bulletin announcing the delay of the rollout of a third Same Day ACH (SDA) processing window by six months, to March 19, 2021. The regulator notified NACHA that they need more time to evaluate required changes to their system before giving it the green light. A Couple of Important Dots.

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Faster Payments Fed RTP Same Day ACH 80

Nanonets

MARCH 20, 2023

This payment method is widely used for direct deposit of payroll, payment of bills, and business-to-business payments. The ACH network is managed by NACHA, which was earlier known as the National Automated Clearing House Association. Schedule a Demo Get the AP process right before making an ACH payment.

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ACH Same Day ACH ACH Network NACHA 52

PYMNTS

MAY 3, 2020

Payment solutions company GreenBox POS has announced a new Same Day ACH program to help businesses manage point of sale (POS) to business payments faster than usual, according to a press release. Usually, an ACH payment issued before the day’s 6 p.m. million payments.

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Same Day ACH ACH Accounts Point-of-Sale (POS) 69

PYMNTS

DECEMBER 8, 2016

Less than two months after its implementation, Same Day ACH, the ubiquitous faster payments initiative for the payments industry in the United States, is showing a significant impact on the market, but it still has plenty to learn from those across the pond. still has faster payment lessons to learn. About The Tracker .

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PYMNTS

AUGUST 3, 2018

Discover Financial Services is pushing for digitization of B2B payments in the U.S. through a collaboration with the Business Payments Directory Association (BPDA), according to a press release. Payees can manage their own payment preference data in real time, the companies explained.

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Nanonets

APRIL 13, 2023

ACH (Automated Clearing House) payments are electronic fund transfers that use the ACH network to move funds between bank accounts in the United States. This payment method is widely used for direct deposit of payroll, payment of bills, and business-to-business payments. How much do ACH payments cost?

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PYMNTS

DECEMBER 12, 2017

finally making inroads in its faster payments initiatives, it’s now time to see whether faster payments will make their way into the B2B sphere too. Released last week, December’s PYMNTS Faster Payments Tracker , powered by NACHA , tracks progress of faster payments initiatives throughout the U.S. But with the U.S.

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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. Nav.com also highlighted how the ongoing rollout of Same-Day ACH can affect business payments.

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Same Day ACH ACH ACH Rules NACHA 53

Stax

NOVEMBER 13, 2024

ACH payments work as a one-to-one payment where a customer makes a payment to another person or company by submitting the details of the transaction via their bank’s online account, transferring money from one bank account to another. They are also used for person-to-person payments or community crowdfunding campaigns.

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PYMNTS

FEBRUARY 5, 2018

Business payments company Bottomline Technologies released its FY Q2 earnings data late last week, posting $63.2 B2B payments have not evolved at the same pace as other types of payments, because they can be more complex,” said NACHA Chief Operating Officer Jane Larimer in a statement at the time.

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PYMNTS

JULY 5, 2017

The Federal Reserve made news late last week when it released its newest data on consumer and business payment habits, assessed via data from 2015 compiled in 2016. According to Fed researchers, there were some significant changes in corporate payments activity between 2000 an 2015.

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PYMNTS

JUNE 6, 2017

And how fast will people get used to fast — as in faster payments? NACHA, with its Same Day ACH offering, is leading the charge for faster payments in the U.S., and our latest Data Drivers , featuring PYMNTS’ Karen Webster and NACHA CEO Jan Estep, explored the possibilities. Data Point One: 25 billion and $43 trillion.

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PYMNTS

AUGUST 13, 2018

Business payments company Bottomline Technologies reported financial results for the fourth quarter , as its fiscal year ended June 30. B2B payments have not evolved at the same pace as other types of payments, because they can be more complex,” said NACHA Chief Operating Officer Jane Larimer in a statement at the time.

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Nanonets

MARCH 21, 2023

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. Book a 30-min live demo now.

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Nanonets

MARCH 24, 2023

Pay vendors with ACH ACH (Automated Clearing House) payments are electronic fund transfers that use the ACH network to move funds between bank accounts in the United States. This payment method is widely used for direct deposit of payroll, payment of bills, and business-to-business payments.

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Nanonets

SEPTEMBER 8, 2023

ACH (Automated Clearing House) payments are electronic fund transfers that use the ACH network to move funds between bank accounts in the United States. This payment method is widely used to directly settle payroll, bills, and business-to-business payments. ACH vs Wire: What to choose for payments?

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Wire Transfer Wires Wire ACH 52

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. A report from the Business Payments Coalition found “ample evidence that U.S.

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PYMNTS

JULY 26, 2016

In a case study offered up by Enova’s Lake, who led the implementation for Enova’s CashNet USA brand, which “started when NACHA announced ACH rule changes that would take effect in 2015,” with the intent to gain insight on how those changes, related to business payments, would impact then-current Enova processes.

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PYMNTS

JULY 14, 2017

Just a few weeks ago, the Global Payments Innovation Jury – a group of 70 payments executives across 37 countries – published a new report on the expected future of the payments industry. But even without a government mandate, businesses continue to shift toward electronic payments, albeit gradually.

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PYMNTS

JUNE 5, 2018

B2B payments market is just one example of how difficult it can be, and how long it can take, for companies to change the ways they pay invoices. A 2017 report by Credit Research Foundation and NACHA revealed technology improvements to be the second-leading force driving changing business payment practices (behind internal factors).

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PYMNTS

SEPTEMBER 7, 2017

This includes the implementation of ISO 20022 messaging standards across organizations like NACHA and SWIFT. Promoting the adoption of electronic B2B payments is also a critical step in this regard, the Fed said, and again will focus on industry collaboration and education, alongside the Business Payments Coalition, to work toward this goal.

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Stax

SEPTEMBER 17, 2024

These financial institutions all follow ACH rules and regulations by the National Automated Clearinghouse Association (Nacha). ACH transfers can either be direct deposits (ACH credit transactions) or direct payments (ACH debit transactions).

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Wire Transfer Wires Wire ACH 88

PYMNTS

MAY 4, 2018

Industry consolidation is a lofty objective, and with so much happening in corporate payments – from faster payment initiatives to cross-border payments technologies – where does one start? In many ways, it can begin in the peer-to-peer payments space, which has offered an example for business payments.

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EBizCharge

SEPTEMBER 17, 2024

ACH transfers are managed by the National Automated Clearing House Association (NACHA) , which ensures a safe and efficient way to make various financial transactions, including direct deposits, direct payments, tax payments, and other business payments without the need for physical or cash.

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FICO

DECEMBER 20, 2022

ACH Will Improve Business Cash Flows — and Scams Will Follow. ACH transactions, especially for business-to-business payments, have also grown tremendously. Most of that growth, according to NACHA , has come from payroll by direct deposit and consumers’ electronic bill pay.

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