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. Beyond payment infrastructure, other companies are investing in real-time payment solutions.

Faster Payments

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.

Community Banks

PYMNTS

APRIL 21, 2020

Just which payment rail they will migrate to, however, remains unclear. In a recent conversation with Karen Webster, Boost Payment Solutions Founder and CEO Dean M. Deutsche Enables Faster Payments In Thailand. NACHA Notches ACH Growth. B2B payments in particular saw an 11.7

NACHA

PYMNTS

DECEMBER 12, 2017

Faster and real-time payments are generally considered a benefit for the consumer payments world. finally making inroads in its faster payments initiatives, it’s now time to see whether faster payments will make their way into the B2B sphere too. Another faster payments service in the U.S.,

Faster Payments

PYMNTS

JULY 7, 2017

Big changes are coming to the faster payments landscape. The July PYMNTS.com Faster Payments Tracker™, powered by NACHA, highlights notable developments from across the faster payments landscape, including the debut of Early Warning System’s Zelle Network and how P2P payments could soon be distributed using voice commands.

Faster Payments

PYMNTS

OCTOBER 11, 2018

Workers want faster payments and don’t want to be paid via direct deposit. 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

PYMNTS

JANUARY 25, 2017

The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, just released findings from the Same Day ACH transaction volume data for Sept. Same Day ACH is an industry initiative toward faster payments. The results are in.

Same Day ACH

PYMNTS

FEBRUARY 7, 2017

NACHA wants to quell any anxieties about the rollout of Same Day ACH, and the latest data from the payments group should breathe new confidence in banks that have adopted the technology. NACHA also examined corporate use of Same Day ACH services, with 84 percent of banks saying they had originated services for mid-sized firms.

Same Day ACH

PYMNTS

AUGUST 20, 2020

New research says businesses are eager to make the leap into real-time payments (RTP) — and to embrace new payment rails in their effort. A new survey from Citizens Bank says businesses are jumping into the real-time payments opportunity. Faster Payments Council Announces Board Advisory Group. This week, the U.S.

RTP

PYMNTS

MARCH 2, 2016

The March edition of the PYMNTS Faster Payments Tracker TM , powered by NACHA, covers the latest news and developments in the Faster Payments world, including the most recent notable player forays with the blockchain, like IBM ’s recent announcement of Blockchain-as-a-Service. The Power Of Payments.

Faster Payments

PYMNTS

AUGUST 4, 2017

Are community banks missing the chance to climb aboard the faster payments train? In late July, the Federal Reserve Faster Payments Task Force released its much-anticipated report on how to strengthen and operate the U.S. faster payments system. faster payment system.

Community Banks

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.

Faster Payments

PYMNTS

JANUARY 26, 2021

Nacha , the rulemaking entity for the Automated Clearing House networks in the U.S., has been working with banks and corporates on faster payment solutions for some time, and recently began developing a new set of resources to boost this effort. As coordination continues, robbers never sleep.

RTP

PYMNTS

FEBRUARY 9, 2017

For all the tools available across the construction trade, faster payments solutions are not among the most utilized by employers. So, what can an old-school industry do to innovate and speed up the process of payment exchange? Building a better construction payment solution. In early February, the U.S.

Faster Payments

PYMNTS

NOVEMBER 2, 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. Around the Faster Payments world. About The Tracker.

Faster Payments

PYMNTS

MARCH 8, 2017

s Faster Payments scheme indicate 129.7 million payments — totaling £112.6 As new faster payment infrastructures arise, some payment providers are turning to proxy services to distribute funds. Faster Payments with Proxy Services. Testing Faster Payments in Foreign Markets.

Faster Payments

PYMNTS

JANUARY 12, 2017

As faster payments solutions aim to offer financial institutions and banks a quicker means of exchanging money, a potential roadblock awaits their successful adoption. Not so much, said Richard McShirley, CMO of linked2pay , a provider of cloud-based payment solutions. Namely, are banks ready to take the risk?

Faster Payments

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

PYMNTS

MAY 25, 2017

Hence the recent announcement of the 2017 NACHA Payments Awards , which seeks to spotlight innovation and advancements in payments technology, which this time around was predicated on proven accomplishment in advancing electronic payments and finding new ways to leverage Same Day ACH.

NACHA

PYMNTS

JULY 10, 2017

financial players active in the payment infrastructure, is a government-backed mandate necessary to keep these various entities on the same page? That’s a question the Federal Reserve Faster Payments Task Force is considering as it looks at ways to make U.S. faster payments safer and more efficient. trillion.

Faster Payments

PYMNTS

NOVEMBER 30, 2017

NACHA has revealed news that B2B payments company Bottomline Technologies is its newest partner. 29), NACHA said Bottomline Technologies Paymode-X has been chosen as its Preferred Partner for Business-to-Business Payments. The world of payments is evolving. In an announcement made Wednesday (Nov.

NACHA

PYMNTS

NOVEMBER 27, 2020

Companies attempting to more transparently view their cash flows can no longer afford to spend time processing paper checks, and their use of digital payment tools has thus inched upward. The hunt for faster payment experiences among all users is generating a spike in interest in real-time payments.

Real Time Payments

PYMNTS

MAY 4, 2017

PYMNTS recently caught up with Venmo’s Chief Operating Officer, Mike Vaughan, about the service’s millennial appeal, how mixing social media and finances changes the payment dynamic and how payment trends are poised to change — thanks to faster payment solutions and offerings. Adjusting to Faster Payment Changes.

Faster Payments

PYMNTS

OCTOBER 21, 2019

The tool will incorporate employees’ bank direct deposit information obtained from payroll, while also using the existing NACHA origination file to route the payment in real-time if the technology determines that the employee is eligible to receive payments via RTP.

Faster Payments

PYMNTS

JANUARY 15, 2018

135: the number of currencies supported by Payment Rails ‘ new API and white label payment platform. The company rolled out its corporate payments solution that enables businesses to send money to more than 220 countries, a more automated and affordable alternative to bank wires, the company said.

API

PYMNTS

MAY 3, 2020

Payment solutions company GreenBox POS has announced a new Same Day ACH program to help businesses manage point of sale (POS) to business payments faster than usual, according to a press release. Usually, an ACH payment issued before the day’s 6 p.m. million payments.

Same Day ACH

PYMNTS

JUNE 29, 2018

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.”

Faster Payments

Stax

NOVEMBER 11, 2024

ACH transfers, or payments made through the Automated Clearing House network, account for billions of dollars in payments annually. In fact, NACHA, the nonprofit that governs the ACH payments network reported 6.1% in payment volume growth in Q4 2021. Or mobile wallet payment solutions like Google Pay and Apple Pay.

ACH

PYMNTS

SEPTEMBER 14, 2018

FinTechs are gaining traction in cross-border payments, and solutions are proliferating in the space to help firms manage foreign exchange (FX) risk as they also seek speed and security across payments. That comes as faster payments remains a greenfield opportunity for firms.

Cross-Border Payments

Finovate

MARCH 8, 2024

“Trice’s innovative instant payment solutions align perfectly with our mission, and together, we aim to set new industry standards for secure and efficient money transfer services.” When businesses submit a standard NACHA file, ACHNow routes each transaction to either RTP or FedNow.

Real Time Payments

PYMNTS

JANUARY 15, 2018

Adoption of electronic payments seems buoyed at about 50 percent, according to research. 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.

B2B

Center for Payments

MARCH 17, 2023

There are considerations and steps to contemplate and take to help ensure your institution is ready – at any time and stage – for your faster payments journey. Don’t get comfortable First, it is critical that financial institutions keep pushing the envelope toward faster payments solutions.

FedNow

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.

Cross-Border Payments

Nanonets

MARCH 24, 2023

In the United States, ACH is not controlled by the government, but rather by a body known as NACHA (National Automated Clearing House Association) that is made of representatives from most banks in the US. NACHA is a non-profit organization that is self-regulating and responsible for supervisory and rule-making functions for ACH transactions.

Wires

PYMNTS

FEBRUARY 22, 2017

This year, Fiserv is nominated for yet another PYMNTS Innovation Project award, this time for the NACHA Best Innovation in ACH Award. The nominations represent just how diverse Fiserv’s solutions are, and that variety in financial services technologies gets Fiserv President, Chief Executive Officer and Director Jeff Yabuki energized.

NACHA

PYMNTS

JUNE 12, 2017

This report, however, suggests that not only is ACH most preferred, but it is viewed as the most efficient payment method; 80 percent of banks surveyed in the report said they support NACHA as their standard payment origination offering. Cooperation and collaboration will be critical to making this happen. “As

Payer

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. made its much-anticipated rollout.

ACH