PYMNTS

JANUARY 26, 2021

PYMNTS latest Real-Time Payments Tracker® tells of how Los Angeles-based auto finance firm Westlake Financial onboarded RTP cautiously, spending six weeks testing use cases and troubleshooting fraud scenarios before switching it on. Nacha , the rulemaking entity for the Automated Clearing House networks in the U.S.,

RTP 109

RTP Real Time Payments NACHA Same Day ACH 109

PYMNTS

DECEMBER 12, 2017

Released last week, December’s PYMNTS Faster Payments Tracker , powered by NACHA , tracks progress of faster payments initiatives throughout the U.S. billion in funds transferred using Same Day ACH, an average of $650 per transaction. But with the U.S. Together, they accounted for about $1.5

Faster Payments 48

Faster Payments Same Day ACH B2B Zelle 48

PYMNTS

APRIL 22, 2020

For employers, signing onto a financing vehicle can not only mean greater risk exposure, but significant disruptions to their payroll. Traditional ACH takes a few days to process, meaning it simply wouldn’t feasible for a company to run payroll and push out wages every day, even if it wanted to.

Payroll 62

Payroll ACH Same Day ACH Innovation 62

PYMNTS

FEBRUARY 8, 2017

In regions around the world, including Europe and Asia, faster payments are taking a hard look at how tools such as blockchain and Same Day ACH can help improve their business. The February Faster Payments Tracker™ highlights what companies in industries from finance to construction are doing to adopt faster payments solutions.

Faster Payments 49

Faster Payments Same Day ACH NACHA ACH 49

Payment Savvy

MAY 16, 2023

Our current era has been shaped by digitization with a fundamental impact on all sectors, including banking and finance, where it has brought unprecedented convenience, security, and efficiency. These transfers are processed on a per-request basis and can help recipients access their funds faster than with standard ACH transfers.

ACH 94

ACH Same Day ACH Direct Deposit Consumer Financial Protection Bureau (CFPB) 94

PYMNTS

SEPTEMBER 26, 2016

In the context of the rollout of Same Day ACH, as well as new research that found companies have actually increased their use of the paper check in the last three years, the payment rail choice isn’t always easy. The data makes that glaringly clear. There’s a lot of friction between suppliers and customers.”

B2B 65

B2B Same Day ACH ACH Commercial Card 65

Fintech Finance

MAY 2, 2024

Orum’s No Code Verify: Validates Account Status instantly, determining whether a bank account is open, valid, and able to receive payments – fulfilling Nacha requirements. Is built on RTP and FedNow with a Same Day ACH fallback – guaranteeing coverage of all consumer and business bank accounts in the U.S.

Verification 52

Verification Payment APIs and Integration Same Day ACH Accounts 52

Fintech Finance

AUGUST 19, 2024

According to the National Automated Clearinghouse Association (Nacha), same-day ACH volume saw a 47% year-over-year growth when comparing the first quarters of 2023 and 2024, due to factors such as the continual increase in real-time payments usage among consumers and businesses.

ACH 52

ACH Fraud Prevention AI Same Day ACH 52

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. One of the areas ready for real-time disruption is foreign exchange (FX) management, which is “the road to real-time treasury,” according to the report.

Faster Payments 40

Faster Payments Same Day ACH Real Time Payments Treasury 40

PYMNTS

OCTOBER 11, 2018

In a press release , Wells Fargo said that by combining personal finance management tools with Wells Fargo banking, the Greenhouse mobile app will help consumers pay bills on time, spend confidently and start to build a savings cushion. Yet there is some adoption of faster payment technologies among corporates. In the U.S.,

Faster Payments 60

Faster Payments Economy Real Time Payments Online and Mobile Banking 60

EBizCharge

SEPTEMBER 17, 2024

ACH transfers are electronic funds transfers (EFT) that allow money to be moved between different bank accounts across the U.S. These reliable and cost-effective transfers are integral to the modern financial landscape, facilitating high-volume, low-cost transactions that are often processed on a next-day or same-day ACH transfer basis.

ACH 52

ACH Same Day ACH Electronic Funds Transfer (EFT) Direct Deposit 52

PYMNTS

JULY 14, 2017

A survey released by NACHA last month, along with the Credit Research Foundation, found that AR professionals are experiencing an uptick in the number of payments they receive via ACH, while check payments appear to be going down.

ACH 46

ACH Same Day ACH B2B NACHA 46

PYMNTS

JANUARY 9, 2019

Account takeover attacks, social engineering tactics and payments fraud all threaten businesses as attackers go after the high-value transactions typical of corporate finance, BioCatch explained in a blog post last week. In the case of Same Day ACH in the U.S.,

Faster Payments 56

Faster Payments Business Email Compromise Treasury Real Time Payments 56

PYMNTS

JUNE 30, 2017

But there’s a catch: While small businesses can manage their finances digitally in QuickBooks Online, they couldn’t, until recently, make electronic payments within the platform. In terms of faster payments, Kriplani said he does see potential for initiatives like Same Day ACH in the SME payments world, but there’s work to be done first.

ACH 61

ACH Checks Small Business Same Day ACH 61

Nanonets

MARCH 24, 2023

Banks would compile ACH transfers onto tapes once per day, and ship the tapes to the clearing house to have the transfers distributed to the banks they are meant to go to. NACHA is a non-profit organization that is self-regulating and responsible for supervisory and rule-making functions for ACH transactions.

Wire 52

Wire Wires ACH Credit Cards 52

PYMNTS

MAY 4, 2017

According to recent data , the Same Day ACH offering was used to make 1.8 billion in Q4 2016, the first full quarter of Same Day ACH Credit availability. The PYMNTS Faster Payments Tracker™ , powered by NACHA, is your go-to resource for staying up-to-date on a month-by-month basis.

Faster Payments 41

Faster Payments Venmo Zelle P2P 41

PYMNTS

MARCH 5, 2018

NACHA told PYMNTS’ Karen Webster that a survey found 0 percent of financial institutions reported an increase in fraud due to Same Day ACH. Considering the ongoing gap in trade finance across the globe, maintaining adequate liquidity and understanding cash positions in real time is paramount to successful global deals.

Risk 42

Risk Cross-Border Non-Bank B2B 42

EBizCharge

SEPTEMBER 18, 2024

The importance of understanding different payment types Understanding different payment types, alongside ACH, is crucial for making informed decisions about how to handle transactions. It helps ensure security, convenience, and cost-effectiveness, whether managing personal finances or running a business.

ACH 52

ACH IAT ACH Network Direct Deposit 52

PYMNTS

JULY 21, 2017

About three-quarters of suppliers told Receivable Savvy they take advantage of immediate payment discounts when available, while about a quarter say they also take advantage of dynamic discounting, supply chain financing and factoring. “The second is to make sure you have electronic payment set up,” Martin added. .

Checks 47

Checks ACH Payments Same Day ACH 47

PYMNTS

JANUARY 2, 2017

As the year opened, our inaugural Faster Payments Tracker™ looked at the looming arrival of the new Same Day ACH. Research from Halifax Savings found most 18-to-24-year-olds want real-time tools to help them keep track of their finances. In September, Same Day ACH, the faster payments scheme here in the U.S.,

ACH 49

ACH Online and Mobile Banking Cross-Border Same Day ACH 49

PYMNTS

SEPTEMBER 30, 2016

NACHA just launched Same Day ACH – the only faster ubiquitous payments play in the U.S. Early Warning aka Zelle is adding more banks and doing deals with the networks. Speaking of the networks, there’s Mastercard and Vocalink, not to mention Visa Direct and its work with PayPal, Fiserv and Square.

CFPB 69

CFPB Online and Mobile Banking Bots Same Day ACH 69

Fintech Labs Insights

OCTOBER 16, 2016

As of September 30, a new rule from NACHA requires all banks to process incoming same-day ACH credits. Most ACH payments are currently settled on the next business day: the new rule-change offers originators the option to send an ACH transaction to any recipient account for same-day processing.

EMV 17

EMV P2P Same Day ACH FinTech 17