PYMNTS

AUGUST 3, 2017

The faster payments get, the less tolerable waiting becomes for customers, businesses and other financial players. But in late July, one of the biggest waits in the payments industry came to an end. faster payments system, efforts by NACHA to standardize APIs across the industry and recent investments in blockchain solutions.

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Community Banks Faster Payments NACHA Cross-Border Payments 46

PYMNTS

JUNE 7, 2017

Not only are faster payment tools bringing helping to exchange funds at a quicker pace, but these solutions are also transforming the certain aspects of the gig economy and spurring investments in new payment infrastructures. But SwapsTech’s investment is not the only FinTech to network investment on the faster payment scene.

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Faster Payments NACHA TCH Real Time Payments 49

PYMNTS

JANUARY 15, 2018

and EU like Open Banking and PSD2 that require such cooperation, APIs are emerging as an essential piece of the equation for payments innovation. In the January PYMNTS.com B2B API Tracker , powered by FI.SPAN, the numbers present a picture of the B2B payments ecosystem embracing APIs to become faster, more agile, and more global.

API 77

API B2B Same Day ACH Payment APIs and Integration 77

PYMNTS

MAY 1, 2019

and cross-border payments. Volante explained that VolPay-as-a-Service supports management of a range of corporate enterprise resource planning and acknowledgement formats to streamline corporate customer on-boarding for financial institutions, automating the process of connecting businesses to payment service providers via API.

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ISO 20022 Same Day ACH Cross-Border Payments Payment APIs and Integration 66

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. These investments in faster payments are focused on allowing the transfer of funds between parties to not only progress faster, but with greater efficiency and security.

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Faster Payments P2P Venmo Use Case 42

PYMNTS

SEPTEMBER 13, 2018

As FinTechs step into the cross-border payments and foreign exchange (FX) management space, there are more solutions available than ever before for corporates seeking to gain speed and security in payments – and manage risk along the way. This embrace comes as corporates are just starting to work with faster payments.

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Cross-Border Payments Cross-Border Risk Same Day ACH 40

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

PYMNTS

APRIL 17, 2017

On Friday (April 14), NACHA released more stats about ACH to explore how businesses are using the payment rail — same-day or not. trillion, NACHA said. 2016 marked a significant year for the continued evolution and growth of the ACH Network,” said NACHA President and CEO Janet O. billion, worth a collective $43.7

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Same Day ACH NACHA ACH ACH Network 40

PYMNTS

FEBRUARY 15, 2018

’s API-driven Faster Payments scheme, he noted, enables faster on-boarding, while PSD2 in Europe is likely to follow suit as more banks and FinTechs collaborate thanks to data sharing enabled by APIs. For instance, the U.K.’s

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API Payment APIs and Integration NACHA Cross-Border 65

PYMNTS

SEPTEMBER 4, 2018

With companies paying suppliers on strategic schedules, real-time transactions aren’t always necessary — or beneficial — for the B2B payments space. Yet there is some adoption of faster payment technologies among corporates. In the U.S.,

Faster Payments 44

Faster Payments Treasury Real Time Payments Liquidity Management 44

PYMNTS

JULY 31, 2019

Visa Direct can be used for more efficient payments, including cross-border payments, insurance disbursements and contractor payments for gig economy jobs. 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

SEPTEMBER 7, 2017

“Through the strategies and tactics outlined in this next steps plan, the Federal Reserve will support continued industry momentum toward safe, ubiquitous, faster payments for our country.”. According to the Fed, payments must not only be faster, they must also be safe and ubiquitous. Cross-Border Payments.

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Fed Federal Reserve Cross-Border Payments Cross-Border 49

PYMNTS

MARCH 3, 2017

With change comes examination of the infrastructure in place that’s necessary to make payments smoother, more transparent and, of course, faster. . In an interview with Karen Webster of PYMNTS, Janet Estep, president and CEO of NACHA, noted that technology is always under the microscope.

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Same Day ACH NACHA ACH Payments 50

PYMNTS

OCTOBER 8, 2018

launched its Faster Payments scheme, after the regulator said the banks had to comply, but has amped up ever since, as regulators in a few other countries have followed in the U.K.’s NACHA is examining additional windows for weekends and has increased the limits for how much money can be sent over those same-day ACH rails.

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B2B Same Day ACH Payments ACH 76

PYMNTS

AUGUST 15, 2019

SWIFT’s decision to replace its existing cross-border payment messaging service with ISO 20022 represents another significant push in that direction — one that could have ripple effects. NACHA also offers a tool to help firms send ISO 20022-approved remittances data for B2B payments. .

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ISO 20022 ISOs Interoperability Message Standards 58

PYMNTS

MAY 4, 2018

Connecting multiple companies under the fold of a single entity will enable Syncapay to facilitate cross-sharing of industry expertise, services and best practices, Spottiswood told PYMNTS in a recent interview. 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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Same Day ACH P2P B2B Cross-Border 46

PYMNTS

JUNE 20, 2016

” One of the biggest hurdles in efforts to promote the adoption of ISO 20022 is NACHA, which has yet to decide whether it will implement ISO 20022 for ACH payments. Reports said NACHA has created a working group to explore the decision, however.

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ISO 20022 ISOs Fed AFP 40

PYMNTS

OCTOBER 10, 2018

. “Wires are still a vital piece of the global payments puzzle,” he told PYMNTS. “Not every country has an ACH-compatible option, so wires as a payment method are still necessary for cross-border payments.”

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Wire Transfer Wire Wires Cross-Border 46

PYMNTS

JUNE 12, 2017

Globalization brings new opportunities for businesses but gives rise to new complexities, including cross-border payments, compliance, risk mitigation and accounting. Interestingly, cards are also not a preferred method of payment for businesses, but corporate card programs are on the rise, the report said. “At

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Payer ACH FinTech Push-to-Card 60

PYMNTS

MARCH 5, 2018

Before SEPA, the various payment schemes in each European Union member state made cross-border payments much more difficult, and much slower. That’s despite a common concern, as faster payment schemes roll out across the globe, that accelerated transactions mean less time to identify fraud. In the U.S.,

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Risk Cross-Border Non-Bank B2B 42

PYMNTS

JULY 25, 2016

While other markets around the world have already committed to adhere to ISO 20022 in compliance with mandates already in place, or payments technology that already demands adoption, the fact remains that the U.S. is still in exploratory stages of what ISO 20022 may mean for the payments market at large.

ISO 20022 40

ISO 20022 ISOs Federal Reserve Message Standards 40

PYMNTS

JULY 24, 2017

Take faster payments. The company that commercialized the idea and consolidated the market to establish the first global faster payments network was Western Union in 1851. Western Union launched its national money transfer, which provided fast payments between people and businesses, in 1871.

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Fed Faster Payments Ubiquitous Same Day ACH 47

PYMNTS

JANUARY 2, 2017

During these 12 months, the Trackers followed the biggest developments, news and headlines from around all segments of the payments ecosystem. It was a busy year throughout the world of payments, with plenty of new technology making headlines along the way. FASTER PAYMENTS TRACKER. DEVELOPER TRACKER.

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ACH Online and Mobile Banking Cross-Border Same Day ACH 49