Remove Faster Payments Remove Good Funds Remove NACHA
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Breaking Down The Faster Payments Construct

PYMNTS

In just a matter of days, the payments industry will see a significant — and ubiquitous — change in the way payments are sent and received. Same Day ACH will create a new option for faster payments for all the banks and credit unions across the U.S. What’s Under The Faster Payments Umbrella?

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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

Take two announcements from just last week, related to the evolution of faster payments in the U.S. 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. Then came PayPal’s debut of Instant Transfer to Bank.

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The Big Tech Canary In The Faster Payments Coal Mine

PYMNTS

There’s a canary in the faster payments coalmine. That was the day that an advocacy group, Financial Innovation Now (FIN), submitted a public comment letter to the Fed in response to its proposal to create and operate a real-time payments system in the U.S. It may also change the conversation about faster payments in the U.S.

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The Roil Over B2B Payments Rails

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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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How Uncertainty Kills Commerce

PYMNTS

Businesses wait to be paid by their buyers — not knowing when the money will actually be received, if it is good funds and sometimes how much they’ll get. On the commercial side of payments, the world has been fixated on making the concept of real-time payments a reality for more than a decade. Here in the U.S.,