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NEW REPORT: With Zelle, FIs Looking To Be Everyone’s P2P Bae

PYMNTS

The October edition of the PYMNTS Faster Payments Tracker™ , powered by NACHA, looks at notable developments in the global remittance market, including new real-time payment tools for SMBs, blockchain and the latest trends in faster payments infrastructures, including the recent rollout of Same Day ACH Phase 2.

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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

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. And finally, that the banks and the card networks are the big losers. Then came PayPal’s debut of Instant Transfer to Bank. A Couple of Important Dots.

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Why Certainty Rules Payments

PYMNTS

Zelle hadn’t yet reached this small bank, and the instructions for how to enable that deposit weren’t clear enough for he or his bank to navigate. People with a bank account that’s not attached to the Zelle network may not have that certainty, even if they have a way to enable their bank account to accept a transfer of funds.

Rules 78
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Why FedNow Will Slow Real-Time Payments

PYMNTS

Today, Uber and Lyft drivers and a host of gig workers get instant payouts into their checking accounts, onto prepaid debit cards or into their digital wallets – a choice powered by instant money networks. Same-Day ACH , launched in September of 2017, makes emergency payroll possible — not instantly, but within the same business day.

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The State Of Faster Payments: ‘Early Innings’

PYMNTS

NACHA and Same Day ACH debuted EXACT DATE to enable same-day settlements through three settlement windows, and are currently exploring options to extend that availability on weekends and holidays. He pointed to Zelle , the U.S.-based financial institutions (FIs). Use cases are evolving.

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How The Gig Economy Is Making Disbursement Tools More Important

PYMNTS

The volume of same-day automated clearing house (ACH) transactions is expected to rise over the coming months. 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. transfer fee.

Economy 43
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Payments’ Role In The Fourth Industrial Revolution

PYMNTS

The increased use and adoption of P2P technologies, like Zelle and Venmo, demonstrates the consumer demand for this type of frictionless payment option. There are many “flavors of fast” across interoperable systems, like Same Day ACH transactions, real-time payments and several daily settlement windows available from the FED.

C2B 81