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.

Same Day ACH 40

Same Day ACH ACH ODFI Faster Payments 40

PYMNTS

APRIL 6, 2017

Phase One of the Same Day ACH rollout that made credit transfers a reality was completed last year. Phase Two, which will allow debit transactions on the same day, is planned for September 2017. The third phase, which will usher in faster ACH credit funds availability, is on track to occur in March 2018.

Same Day ACH 40

Same Day ACH ACH ACH Rules Rules 40

PYMNTS

NOVEMBER 1, 2018

Checks, despite their near extinction in consumer payments, remain alive and well when it comes to businesses paying each other. The check – for its many, many flaws – does address all three of those aspects. That is why checks have been so resistant to replacement. And that’s pretty well why it persists.

Checks 72

Checks Same Day ACH Push-to-Card ACH 72

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). Checks can bounce, and cash can get lost. EFT and ACH payments are fast, secure, and hassle-free. No cash or checks needed.

ACH 88

ACH Electronic Funds Transfer (EFT) Wire Transfer Wire 88

PYMNTS

NOVEMBER 5, 2018

“Governments, financial institutions, businesses and consumers are all reaping the benefits the ACH Network provides,” Larimer said in a statement. More people than ever are benefitting from Same Day ACH. ACH may be the most popular ePayments rail option for B2B transactions in the U.S. In all, more than 3.3

Small Business 68

Small Business Same Day ACH Wire Transfer NACHA 68

PYMNTS

SEPTEMBER 23, 2016

23) marks the launch of Same Day ACH, with three settlement windows enabling consumers and businesses to receive credit, same day, for payments made to them. is now capable of receiving and enabling this same-day capability. But in many ways, today’s milestone is all about what’s next for ACH.

Faster Payments 75

Faster Payments Same Day ACH ACH ACH Network 75

PYMNTS

DECEMBER 10, 2020

Consumers and microbusinesses have access to many disbursement options, yet they receive a significant share through legacy methods such as paper checks or digital methods that are non-instant.

Same Day ACH 87

Same Day ACH Instant Payments Payer ACH 87

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.

B2B 89

B2B Same Day ACH NACHA ACH 89

PYMNTS

JUNE 30, 2017

There’s another catch, though: While Bill.com facilitates ACH payments, it also announced news that it would support paper check payments made by SMEs by producing and mailing out checks to payees on behalf of SME users. Kriplani said that checks are even more popular among small companies. “If

ACH 61

ACH Checks Small Business Same Day ACH 61

PYMNTS

SEPTEMBER 26, 2016

Using FIS-run PayNetExchange to process ACH, checks and virtual cards and using Comdata to issue Mastercard commercial cards, Corcentric pulls in payment capabilities across a range of rails to support the last mile of the B2B transaction. The data makes that glaringly clear. “It’s key when it comes to the payment process.”

B2B 65

B2B Same Day ACH ACH Commercial Card 65

PYMNTS

JANUARY 23, 2018

In the path of FinTech innovation, many expect the inevitable demise of the paper check. But the data doesn’t lie: Paper checks are alive and well, despite efforts to kill it. The latest in PYMNTS’ Kill the Check series , a collaboration with Ingo Money, highlighted the persistence of paper checks.

Remote Deposit Capture 43

Remote Deposit Capture Checks Same Day ACH ACH 43

PYMNTS

NOVEMBER 3, 2020

The payments ecosystem now prizes quickness above all things in a time of cash flow shortages, where each paper check takes an eternity — assuming it arrives at all. Clearly, paper checks aren’t cutting it anymore. To paraphrase the movie “Top Gun” … “We feel the need … the need for speed.” We’ve evolved.

Real Time Payments 109

Real Time Payments RTP Same Day ACH Payer 109

PYMNTS

NOVEMBER 3, 2016

Today’s consumers increasingly expect payments to be processed quicker than ever before, and insurance companies are turning to newly introduced faster payment initiatives, such as Same Day ACH, to accommodate the demand. Maximizing Same Day ACH opportunities.

Faster Payments 72

Faster Payments Same Day ACH ACH Payments 72

Payment Savvy

MAY 16, 2023

Types of ACH Transfers Direct Deposit Direct deposits are electronic transfers of funds from governments or businesses directly into a recipient’s bank account. By using direct deposits, recipients can access their funds quicker and more securely compared to traditional paper checks.

ACH 94

ACH Same Day ACH Direct Deposit Consumer Financial Protection Bureau (CFPB) 94

PYMNTS

NOVEMBER 21, 2016

Same Day ACH payments are gaining traction right out of the gate, with nearly $5 billion and 3.8 Sezzle started in January, and we knew that Same Day ACH would be coming since the start of the business,” he said. So, this Same Day ACH is going to improve ACH [as a process] dramatically.

ACH 75

ACH Same Day ACH Online and Mobile Banking Payments 75

PYMNTS

APRIL 22, 2020

While there has been some innovation in wage payment mechanisms as more employers shift away from the paper check toward direct deposit and payroll cards, little has changed about the timing of those payments. Phase 3 [of NACHA’s Same Day ACH implementation plan] wrapped up in March 2018,” said Ross.

Payroll 62

Payroll ACH Same Day ACH Innovation 62

PYMNTS

NOVEMBER 5, 2020

There’s a bit from “Seinfeld” way back in the 20th century that, paraphrased, goes like this: A check is like a note from your parents that states, “I don’t have any money, but if you contact these people … I’m sure they’ll stick for me. percent of their insurance and borrowing disbursements through same-day ACH and 12.1

Faster Payments 98

Faster Payments Instant Payments Payments Same Day ACH 98

PYMNTS

OCTOBER 3, 2017

The discussion took place as NACHA unveiled Phase Two of its Same Day ACH initiative, debuting same-day debits with an eye on settling bill payments with speed and security. Similarly, firms are never quite sure when the cash flow impact of a deposited check might hit.

Faster Payments 49

Faster Payments Same Day ACH Demand Deposit Account (DDA) ACH 49

PYMNTS

NOVEMBER 16, 2016

The total value of those same day payments came to $4.9 In an interview with PYMNTS’ Karen Webster, Jan Estep, NACHA’s president and CEO, said that “we had a lot of questions right after [same day ACH payments] launched, asking us ‘what is the volume,’ and we felt it was a bit more responsible to wait for the first full month.”.

NACHA 66

NACHA Faster Payments Same Day ACH ACH Network 66

PYMNTS

MAY 5, 2017

New solutions like Ingo Money’s Instant Payments platform and NACHA’s Same Day ACH initiative are offering corporations digital alternatives to paper checks for funds disbursement. But the very fact that 22 billion checks are written every year shows that companies are still comfortable issuing paper checks.

Checks 46

Checks Push-to-Card Debit Card Payments 46

PYMNTS

DECEMBER 16, 2020

Gu said the company typically makes its payouts with ACH transfers instead of relying on checks. Same-day ACH deposits money straight into a customer's account, and funds usually appear the next business day. Around 67 percent of Upstart loans, in addition, are fully automated on the platform.

Same Day ACH 77

Same Day ACH ACH AI Returns 77

PYMNTS

MAY 12, 2020

Some solution providers have opted to improve upon existing infrastructure — for example, digitizing certain aspects of the paper check , but preserving the payment method. Deluxe Preserves The Check Workflow. Checks will be around for a while. GreenBox POS Adds Same-Day ACH Support.

B2B 52

B2B Same Day ACH FedNow Federal Reserve 52

PYMNTS

NOVEMBER 4, 2019

Gu recently spoke with PYMNTS about how same-day ACH and other digital disbursements are affecting the lending industry, as well as why lenders should focus on security and data protection as payment speeds increase. There are pretty large advantages to ACH or any digital method of disbursement over check,” Gu said.

Instant Payments 46

Instant Payments Same Day ACH ACH Credit Cards 46

PYMNTS

JULY 21, 2017

Receivable Savvy’s report found 87 percent of suppliers receive payment via paper check, with ACH coming in second (72 percent) and card in third (61 percent). That’s despite 59 percent of suppliers saying their top preference is ACH, and about a quarter saying they prefer to be paid via check.

Checks 47

Checks ACH Payments Same Day ACH 47

PYMNTS

MARCH 8, 2017

According to the 2016 Electronic Payments Survey released by the Association for Financial Professionals, the use of checks is actually on the rise in B2B payments, compared to usage levels in 2013. But the industry’s reputation for being old-school could have reason to change soon. Enter the new PYMNTS.com B2B API Tracker™.

B2B 76

B2B Same Day ACH API ACH Network 76

PYMNTS

SEPTEMBER 26, 2016

Same Day ACH is now a reality and, with much fanfare, represents the first ubiquitous faster payments initiative in the United States without an attendant regulatory mandate. But as Karen Webster noted in the latest installment of Topic TBD, even as faster payments takes a step closer to reality in the U.S.,

Same Day ACH 71

Same Day ACH Faster Payments Ubiquitous ACH 71

PYMNTS

FEBRUARY 6, 2018

From employers who use the service for direct-deposit payments to landlords and utility companies that use it to collect rent or monthly bills, same-day ACH has been gaining in popularity and putting a variety of payment types in the fast lane. local time on the day a transfer is initiated, goes live in March.

Same Day ACH 43

Same Day ACH Faster Payments ACH NACHA 43

PYMNTS

APRIL 30, 2020

This week’s examination of the latest in payments rails innovation finds financial service providers innovating on top of existing rails to address the friction of ACH, checks and other bank transfer infrastructure. ACH transaction data standardization will also be important for reconciliation and reporting, said Thorness.

Innovation 73

Innovation Global Payments Cross-Border ACH 73

Finextra

JUNE 9, 2025

With the Federal Reserve proposing to make its service available 22 hours a day, seven days a week, Nacha is also considering adding a fourth processing cycle for same-day ACH. The last I checked, it was the Waiting For Godot Moment In Finance :). It expresses the views and opinions of the author.

ISO 20022 52

ISO 20022 ISOs FedNow TCH 52

PYMNTS

JULY 28, 2017

The good news is that Same Day ACH is on the way, but experts continue to discuss how the initiative will impact corporate payments, if at all. At the center of many of these discussions is the issue of ACH underwriting, which sees FIs establish how long it takes for funds to actually settle into an account.

Same Day ACH 41

Same Day ACH ACH Underwriting Payments 41

PYMNTS

JANUARY 15, 2018

Last June, NACHA and the Credit Research Foundation said that at present, paper checks make up half of B2B transactions received in the accounts receivable department; ACH accounts for less than a third. Further, in NACHA’s most recent update on same-day ACH volume – which found $87.1

B2B 55

B2B Same Day ACH Innovation NACHA 55

PYMNTS

JULY 31, 2019

trillion-plus insurance industry typically relies on slow-moving legacy methods like paper checks and snail mail. Boston-based auto, home and business insurer Safety Insurance said it will roll out Same-Day ACH payment capabilities for insurance claims.

PayPal 65

PayPal Same Day ACH Cross-Border Payments NACHA 65

PYMNTS

FEBRUARY 6, 2020

Recently-launched capabilities like Same Day ACH have unlocked opportunity to wield modern technology and build new solutions on top of existing payment rails in favor of speed and transaction transparency, but there’s another strategy to payments innovation that continues to gain traction. In the U.S.,

Settlement 67

Settlement B2B Same Day ACH ACH 67

PYMNTS

SEPTEMBER 8, 2016

With the Same Day ACH rollout just weeks away, financial institutions are working to make sure that Faster Payments in the United States are not plagued by the same problems they were across the pond. When the U.K. In 2009, it was 14 percent higher than levels seen the previous year. Around The World Of Faster Payments.

Same Day ACH 48

Same Day ACH Faster Payments ACH NACHA 48

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. Same Day ACH and the card rails – both of which allow for money to move fast into consumer and business bank accounts for every consumer with a debit product.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

JANUARY 21, 2019

Oddly, the push for faster payments also comes at the same time when payments in the U.S. It didn’t take a regulatory proclamation for Same Day ACH to become ubiquitous in the U.S. – on board because it offered a solution for use cases where same-day was essential. are moving faster than they ever have.

Faster Payments 77

Faster Payments Same Day ACH Fed Real Time Payments 77

PYMNTS

AUGUST 14, 2018

Nearly two years after its launch, Same Day ACH (SDA) credits are being used by nearly half of businesses and government agencies (that’s not bad for the only ubiquitous faster payments network in the U.S. Same Day ACH Users. Digital payments, including Same Day ACH, continue to grow.

Same Day ACH 40

Same Day ACH B2B ACH Transaction Limits 40