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. The association released the latest data on the rollout of Same Day ACH thus far with a new report today (Feb.

Same Day ACH

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. million transactions, totaling $5.9

Same Day ACH

PYMNTS

SEPTEMBER 7, 2017

Hollywood metaphor (almost) aside, there’s another industry near and dear to the Faster Payments Tracker ’s heart, and it’s also producing sequels these days. payment system has embarked on the financial equivalent of a film trilogy with its Same Day ACH initiative, an initiative which will bring big changes to the ACH Network.

Same Day ACH

PYMNTS

DECEMBER 8, 2016

Less than two months after its implementation, Same Day ACH, the ubiquitous faster payments initiative for the payments industry in the United States, is showing a significant impact on the market, but it still has plenty to learn from those across the pond. still has faster payment lessons to learn.

Faster Payments

PYMNTS

MAY 3, 2016

And while businesses, consumers and FinServ players are all fueling this direction of the payments landscape, the banks, it turns out, aren’t as excited about faster payments as their customers are. Same Day ACH is slated to see its first rollouts among U.S. banks and FIs this September.

Same Day ACH

PYMNTS

MARCH 18, 2019

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. Not a Passive Bystander.

Faster Payments

PYMNTS

NOVEMBER 3, 2016

And these hurricane victims need payouts to happen quickly and easily, because any processing delays have the potential to pose additional problems as the victims attempt to get their lives back on track. In the interview, Hauff discussed how insurance companies are trying to expedite the payments process using aging technology platforms.

Faster Payments

PYMNTS

DECEMBER 7, 2016

Same Day ACH, the faster payments initiative for banks and other financial institutions in the United States, seems to be popular. According to NACHA, the network processed nearly $5 billion in 3.8 still has a long way to go and plenty of faster payment lessons to learn. But the U.S.

Faster Payments

PYMNTS

AUGUST 24, 2017

There’s much to look forward to as the September rollout of Phase 2 of Same Day ACH (Debit Pull) looms, but David Barnhardt, executive vice president of full-service payment and verification solutions provider GIACT , thinks there’s just as much reason for caution. “I Verify, Then Trust. Don’t Be Used by Use Cases.

Same Day ACH

Payments Source

JUNE 27, 2017

Particularly at risk are service providers with high volumes of automated or customer-initiated debit payments, such as cell phone service providers, utilities, cable companies, insurance, and retailers.

Same Day ACH

PYMNTS

SEPTEMBER 9, 2016

With the Same Day ACH rollout coming in just two weeks and other faster payments initiatives taking off, financial institutions are taking significant steps to ensure the transition to a faster processing environment, including improving their payment security platforms to keep fraudsters at bay.

Same Day ACH

PYMNTS

FEBRUARY 11, 2019

Might the state of faster payments be described as “conflicted?”. That can be a problem when, by and large, payments as an industry still operates through what might be termed as “a batch process.” Even if you take faster payments out of the equation, there are a number of rails,” he said. Where We Are Now.

Faster Payments

PYMNTS

AUGUST 4, 2016

Phase One of Same Day ACH will officially launch in the U.S. It was then that NACHA proposed the shift to settling three times a day, ve days per week, to give consumers and businesses access to more efficient transactions. Final steps toward Faster Payments. And get something done they did.

Same Day ACH

PYMNTS

APRIL 17, 2017

With the implementation of Same Day ACH, we have added to the robust capabilities of the Network, now enabling not only next-day payment capabilities, but same-day capabilities as well. Overall, B2B payments make up 15 percent of ACH Network volume, NACHA found. Estep in a statement.

Same Day ACH

Payments Source

OCTOBER 12, 2017

Same-day ACH debits rolled out last month, a year after same-day credits, cutting processing time for these payments from a couple of days to a few hours — but for many emerging use cases, that’s not fast enough. And debit is filling the void.

Same Day ACH

Payments Source

JANUARY 25, 2017

Direct deposit transactions accounted for 52% of all transactions processed through the speedier system.

Same Day ACH

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. Same Day ACH spiked an impressive 39 percent during Q4, hitting 71.3

Same Day ACH

PYMNTS

JULY 6, 2017

With the speed of payments accelerating and Same Day ACH initiatives continuing to roll out, NACHA has pulled together a group of industry experts to explore API standardization as a way to facilitate faster payment speeds and greater transaction security, among other use cases.

API

PYMNTS

SEPTEMBER 2, 2016

Not only are Same Day ACH payments on the way, but they are expected to have huge impacts on the way payments are made throughout the payments landscape. As we learned in last week’s installment of the Countdown to Same Day ACH podcast series, the first phase of the Same Day ACH initiative launches on Sept.

Faster Payments

PYMNTS

NOVEMBER 6, 2018

In the November Faster Payments Tracker , PYMNTS details the latest payments system debuts and updates. Around The Faster Payments World. Recently, NACHA — The Electronic Payments Association approved three new rules to update Same Day ACH services. Faster Payments.

Faster Payments

PYMNTS

FEBRUARY 4, 2019

This rapid expansion is fueling predictions that the global real-time payments market will rise from a value of $6.8 Numerous payments schemes have rolled out since the U.K. launched its own Faster Payments Service in 2008. bank account would be able to securely receive real-time payments by 2020. . Faster Rails.

Faster Payments

PYMNTS

OCTOBER 3, 2017

The discussion took place as NACHA unveiled Phase Two of its Same Day ACH initiative, debuting same-day debits with an eye on settling bill payments with speed and security.

Faster Payments

PYMNTS

MAY 4, 2016

In this month’s Faster Payments Tracker™ , powered by NACHA, payment providers, in efforts to keep up with modern behavior, are looking for new ways to streamline and quicken financial processing. Here’s a sneak peek: The ultimate goal, Waterhouse said, is ubiquity – namely, to make real-time payments mainstream.

Faster Payments

PYMNTS

OCTOBER 30, 2020

The demand for faster payments is ringing louder than ever during the economic downturn. Businesses need to maintain smooth revenue streams and are working hard to avoid being hit with painful late client payments or delayed access to their earnings while also ensuring their workers are paid promptly. Bank subsidiary.

Faster Payments

PYMNTS

NOVEMBER 16, 2016

15) that banks using its Bank Centric Payments platform will now have access to real-time payments thanks to a collaboration with Push Payments. Their partnership will allow financial institutions to offer real-time and same-day ACH payments as a white-labeled solution, reports said.

Real Time 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

MARCH 20, 2018

Australia has just rolled out the New Payments Platform (NPP), a system to facilitate faster payments in the country, but a recent speech by Michele Bullock, assistant financial system governor of the Reserve Bank of Australia (RBA), suggests there is more to be done to address fraud risks. Europe and U.S. It led the U.K.

Faster Payments

PYMNTS

SEPTEMBER 7, 2018

Faster payments pack a lot of potential – technologically speaking and in terms of usefulness. But with the power of faster payments comes the potential for faster fraud. Which means keeping pace isn’t just about speeding up the payments, but also about staying ahead of the fraudster.

Faster Payments

PYMNTS

JULY 3, 2017

The day is an annual opportunity for NACHA to “showcase boots on the ground across the country” and to act as a thought leader in the payment space, he said. The ACH Network, conceived in the 1970s to replace paper checks for payroll, provides the backbone for the electronic movement of money and data in the U.S.,

NACHA

PYMNTS

AUGUST 14, 2019

million: Number of same-day ACH credit and debit payments made during the second quarter of 2019. million: Number of transactions processed between August 2017 and July 1, 2019 across the Latvia instant payment system. 4 to 1: Vote tally by which the Fed agreed to move ahead with FedNow.

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

MAY 1, 2019

Payments processing and financial message integration company Volante Technologies is expanding its Payments-as-a-Service offering for financial institutions in the U.S. and cross-border payments. and cross-border payments. financial institutions.

ISO 20022

PYMNTS

OCTOBER 4, 2020

Nonprofit Nacha , which enables Automated Clearing House ( ACH ) payments, has adopted eight new amendments to the Nacha Operating Rules that a press release said will help to modernize the payment style. The amendments concern Same Day ACH and new ways of making ACH payments easier to use, the release stated.

NACHA

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

JUNE 29, 2018

.” The acceleration of ACH payments — namely, the implementation of Same Day ACH — has its place in the insurance market, he added, particularly when it comes to B2C use-cases, like workers’ compensation and claims payouts. “That’s the difficult part.”

Faster Payments

PYMNTS

AUGUST 24, 2016

From Same Day ACH to paycard controversies , a few recent news stories have placed payroll in center stage. New research from payments technology firm Hyperwallet is placing data behind the need for employers to come through on payday. .”

Faster Payments

PYMNTS

MARCH 9, 2020

Banking association and payments company The Clearing House (TCH) has been confronting such concerns as it advances its real-time payment ( RTP ) offering in the U.S., Ledford recently spoke to PYMNTS to explain how companies can design faster payment schemes that stand out from existing systems yet are easily adopted.

RTP