Remove Consumer Remove Same Day ACH Remove Third-Party Sender
article thumbnail

Securing The Speed Of Securities Transactions

PYMNTS

As T+3 was being implemented in the early 90s, the concept of using ACH was raised, but there were two problems that, at the time, were insurmountable. E, which, in turn, means less risk to the securities industry from consumer allegations of unauthorized transactions.”. But what about the other concern?

Reg E 46
article thumbnail

For Insurance, Faster Payments Means Nothing Without Data

PYMNTS

In particular, a heavy volume of both B2C payments (consumers paying premiums to insurance companies, as well as insurance companies sending claim payouts to individuals) and B2B payments (insurance companies paying service providers) pave the way to a complex mix of payment rails. .” “That’s the difficult part.”