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

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. Faster Payments Council Announces Board Advisory Group. Visa Joins NACHA Pilot. Businesses Ready To Jump Into RTP. This week, the U.S.

RTP

PYMNTS

SEPTEMBER 2, 2016

NACHA President and CEO Jan Estep made it clear that the industry is more than ready for the change, and this week, she provided us with a look at several use cases and applications that Same Day ACH payments are sure to deliver on. The New Face Of Faster Payments. The use cases for faster payments are broad.

Faster Payments

PYMNTS

JANUARY 28, 2020

’s newest real-time payment rails, the RTP network, is looking to expand the opportunity for payers to use the faster payment rail by increasing transaction limits. 1, a move that could encourage broader use of RTP in the B2B payments arena. In a press release last week, NACHA said 6.4 percent jump.

Same Day ACH

PYMNTS

MARCH 30, 2018

When it comes to faster payments, B2B payments aren’t necessarily chomping at the bit for the capability. According to NACHA statistics on Same Day ACH, nearly 2 million debits were made in just the first 11 days of service, accounting for a combined $1.5 Faster payments are “the No. billion in funds.

Payroll

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. faster payment system.

Community Banks

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

NOVEMBER 5, 2018

NACHA released new statistics late last week on growth of ACH transaction volume in the U.S. According to the firm, B2B transactions were a key driver of ACH transaction growth in the third quarter of the year, leading NACHA Chief Operating Officer Jane Larimer to describe the ACH Network as “thriving.”. NACHA said 43.2

Small Business

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

PYMNTS

SEPTEMBER 4, 2018

Corporates may not be adopting faster and real-time payments technologies as fast as consumers, but that doesn’t mean the acceleration of payments isn’t impacting corporate finance. But FX management isn’t the only area of corporate treasury seeing positive disruption from faster payments.

Faster Payments

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

AUGUST 24, 2016

New research from payments technology firm Hyperwallet is placing data behind the need for employers to come through on payday. Hyperwallet’s research also revealed a slew of frustrations among employees for a variety of reasons. According to researchers, nearly two-thirds of workers get paid biweekly or semi-monthly.

Faster Payments

PYMNTS

APRIL 6, 2016

The biggest firms in the nation are gearing up for same day ACH payments – an eventuality that could hit in September of this year. As reported by NACHA, the electronic payments association, the readiness was disclosed in a survey that had been conducted by the association, with the two strongest use cases identified across same day ACH.

Same Day ACH

PYMNTS

JULY 5, 2017

The Federal Reserve made news late last week when it released its newest data on consumer and business payment habits, assessed via data from 2015 compiled in 2016. According to Fed researchers, there were some significant changes in corporate payments activity between 2000 an 2015.

Fed

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

PYMNTS

JUNE 8, 2016

PYMNTS has seen a pattern, at least anecdotally , when it comes to faster payments initiatives and corporates: Executives would rather have secure payments than faster payments, and they’re concerned that, as faster payments initiatives progress throughout the world, it gives the industry less time to identify and mitigate a security threat.

Faster Payments

PYMNTS

MAY 3, 2016

With the globalization, interconnection and acceleration of the world’s payments systems, the strategies of cyberattacks are likely to grow more sophisticated. Just weeks ago, NACHA revealed its own survey on how corporates are some of the customers most ready for this progression in payments. banks and FIs this September.

Same Day ACH

PYMNTS

AUGUST 15, 2018

The finding suggests a shift in the market, with corporates unsure or unconvinced of how faster payments capabilities might affect their operations. Still, the research suggests the commercial payments industry is certainly paying attention to real-time payments. Corporates’ Other Needs.

Real Time Payments

PYMNTS

JULY 14, 2017

For example, last month a survey from Dun & Bradstreet and the Pepperdine Graziadio School of Business and Management released new research on companies’ cash flow management challenges. Researchers noted that slow AR negatively affects a company’s ability to grow, especially for the smallest of businesses.

ACH

PYMNTS

FEBRUARY 20, 2018

Same Day ACH became a reality in 2017 after the National Automated Clearing House Association (NACHA) introduced its faster payments infrastructure to the market. In addition, innovators the world over are exploring how technologies like blockchain could address payments speeds and efficiency on an international level.

Cross-Border Payments

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.

B2B

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.

Wire

PYMNTS

MARCH 5, 2018

Business-to-business (B2B) trade, especially when deals occur across borders, expose businesses to all sorts of risks, like non-payment (on the supplier’s side), or non-deliver (on the buyer’s side). Research from Atradius released in 2016 found that risks down the supply chain are 75 percent higher than they were pre-financial crisis.

Risk

PYMNTS

JUNE 12, 2017

That finding could speak volumes, considering separate research had found an uptick in check use for B2B payments. Interestingly, cards are also not a preferred method of payment for businesses, but corporate card programs are on the rise, the report said. “At

Payer

PYMNTS

NOVEMBER 20, 2019

healthcare market saw a rise in high-deductible plans following the 2010 passage of the Affordable Care Act (ACA), shifting a greater share of out-of-pocket payments, such as deductibles and co-pays, onto patients. billion in unpaid medical expenses each year, according to PYMNTS’ research. . percent increase from the previous year.

Real Time Payments

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

PYMNTS

JULY 16, 2018

Both species, a new study conducted by researchers at the University of Minnesota Medical School has found, express profound regret over how much time is spent waiting for something to happen. The concept these researchers were testing in economic parlance is that of sunk cost. Scientists say that humans have a lot in common with mice.

On-Demand

PYMNTS

MARCH 14, 2018

The solution is an effort to make B2B payments more efficient for both ends: Suppliers get paid more quickly, while buyers can still enjoy longer payment terms without forcing their suppliers to wait.

B2B

PYMNTS

JUNE 19, 2018

For all of the discussion of B2B payments’ emulation of the B2C market, however, supplier payments rarely occur via card. Data from NACHA and the Credit Research Foundation (CRF) found that cards account for just 11 percent of B2B transactions, while accounts receivable professionals expect that figure to grow just 1.5

Commercial Card

PYMNTS

MAY 10, 2018

WEX’s Payments Pulse Data report published last year found payment security to be suppliers’ No. Both of these reports confirmed that for businesses, security trumps speed when it comes to payments. Corporates are undoubtedly in need of enhanced payments security. When NACHA introduced Same Day ACH in the U.S.,

B2B