PYMNTS

NOVEMBER 5, 2018

“Governments, financial institutions, businesses and consumers are all reaping the benefits the ACH Network provides,” Larimer said in a statement. More people than ever are benefitting from Same Day ACH. billion ACH debit and nearly 2.3 In all, more than 3.3 NACHA said 43.2

Small Business 68

Small Business Same Day ACH Wire Transfer NACHA 68

PYMNTS

JANUARY 15, 2018

According to the latest PYMNTS B2B API Tracker, these companies may want to target the SMB market, considering 92 percent in a recent interview cited a lack of access to financing or credit as a key challenge, key to adopting eProcurement tools.

API 77

API B2B Same Day ACH Payment APIs and Integration 77

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

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

PYMNTS

OCTOBER 6, 2020

Nacha has adopted eight updates to the Nacha Operating Rules that the group, which enables Automated Clearing House (ACH) payments, said will help modernize the payment style. The amendments regard Same Day ACH and new methods of making ACH payments simpler to use.

Contactless Payments 96

Contactless Payments Innovation NACHA Nacha Operating Rules 96

PYMNTS

DECEMBER 11, 2017

Much of the alternative business financing market formed as a response to the need for an entirely different way for companies to take out a loan. ” The point of this kind of financing solution is largely to ensure that money lands in suppliers’ accounts more quickly. “There are too many pitfalls. . In the U.S.,

Same Day ACH 43

Same Day ACH Finance ACH Credit Cards 43

PYMNTS

JANUARY 16, 2020

Open banking and its promise of more elasticity in finance is enabled by application program interfaces (APIs) — lines of code that execute everything from simple peer-to-peer (P2P) transfers to industrial-sized B2B real-time payments. As the industry marks two years since open banking’s U.K.

API 53

API B2B Payment APIs and Integration Cross-Border 53

PYMNTS

DECEMBER 12, 2017

Federal Reserve made its own progress in exploring how the nation’s regulatory environment can support faster payments progress while maintaining security, while NACHA offered up some new data on same-day ACH volume growth in the country. billion in funds transferred using Same Day ACH, an average of $650 per transaction.

Faster Payments 48

Faster Payments Same Day ACH B2B Zelle 48

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. Safeguarding Irreversible Payments. As coordination continues, robbers never sleep.

RTP 109

RTP Real Time Payments NACHA Same Day ACH 109

PYMNTS

FEBRUARY 25, 2020

New technology solutions are stepping onto the market to help automate accounts receivable, accounts payable and the act of supplier payments, as well as other processes surrounding these fields, like trade finance, cash flow management and accounting. What New Payment Rails Are Missing. The problem you have is there’s no standard,” he said.

Remittance Data 69

Remittance Data Same Day ACH ACH B2B 69

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

PYMNTS

MARCH 8, 2017

From innovations like the data-sharing of B2B APIs to the Same Day ACH Network to blockchain innovations, the space is positioned to go in multiple directions as regulations and faster payments initiatives offer new opportunities in speed and efficiency.

B2B 76

B2B Same Day ACH API ACH Network 76

Fintech Finance

MARCH 31, 2025

We see growth in all our payment networks, particularly with instant payments and same day ACH payments.” The post The Clearing Houses ACH Network Continues Multiyear Growth Trend appeared first on FF News | Fintech Finance. ” Electronic payments are increasing across all payment rails.

ACH Network 59

ACH Network ACH Continuity Same Day ACH 59

PYMNTS

MARCH 9, 2020

A successful new rail] couldn’t just be something that’s a little faster than same-day ACH,” he explained. Providers would be wise to follow these principles when envisioning how to drive the future of commerce and finance forward. Motivation is especially important in the U.S.,

RTP 81

RTP TCH ISO 20022 Real Time Payments 81

Fintech Finance

MAY 2, 2024

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. The post Orum Launches No Code Verify Solution, Expands Access to Instant Bank Account Verification appeared first on Fintech Finance.

Verification 52

Verification Same Day ACH Accounts Payment APIs and Integration 52

PYMNTS

NOVEMBER 14, 2018

Corporate finance executives seem to be readying for real-time payments, preparing to adopt faster payment capabilities and bracing for changes to their cash flow management strategies as a result. A new report from Deutsche Bank said this industry path is guiding banks and corporates to a new destination: real-time treasury.

Real Time Payments 78

Real Time Payments Real Time Gross Settlement (RTGS) Same Day ACH Liquidity Management 78

PYMNTS

OCTOBER 28, 2016

Others say late B2B payments are a reality, and instead, suppliers should access external financing to manage cash flow while they wait to get paid. She told PYMNTS why financing the buyer, not the supplier, can not only solve the issue of late payments but make accounts receivable disappear. Buyer Financing.

B2B 71

B2B Credit Cards Payments Same Day ACH 71

PYMNTS

MAY 3, 2018

Paychex is also offering use of same-day payroll capabilities via Same Day ACH twice a year for free, as well as a feature to build up businesses’ credit histories by sending data to credit bureaus. The feature addresses the friction of payroll delays associated with vacations and invoice delays, the company noted.

Payroll 40

Payroll Same Day ACH Small Business ACH 40

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

JANUARY 12, 2017

And yet, the emergence of the Same Day ACH initiative, said Yohe, can help B2B transactions move smoothly, without the wait seen otherwise. In addition, within a business itself, payroll and other expenses can be covered by Same Day ACH payments, ensuring smooth operational consistency.

B2B 45

B2B Same Day ACH ACH Payments 45

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

EBizCharge

SEPTEMBER 17, 2024

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. That said, ACH transfers do come with some limitations. What is an ACH transfer limit?

ACH 52

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

PYMNTS

JUNE 21, 2018

Corporate digitization efforts are well underway, and finance departments are often prime targets for this disruption. One-third said their payment rail of choice for faster transactions is Same-Day ACH. Room for Improvement.

Faster Payments 44

Faster Payments Blockchain Same Day ACH Commercial Card 44

PYMNTS

JULY 14, 2017

At the same time, ACH is expected to make up 45 percent of payments, with increases in card payments, too. ACH is the logical step with the more progressive finance people, especially in light of the new Same Day ACH model that is being promoted,” added Oakes.

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

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

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

PYMNTS

FEBRUARY 22, 2019

The more than $1.593 billion raised by B2B startups this week showcases investors’ interest in business finance and payments. With its sights set on the construction sector, Rabbet enables streamlined financing for businesses by using integrated machine learning to manage and analyze documents.

B2B 55

B2B Small Business Same Day ACH Participant 55

PYMNTS

JULY 27, 2018

Ultimately, these overviews offer a window into the finances of a business a month or more previous. Rathmann said it’s “one of the biggest trends” in the SMB financial services space he sees currently, that it takes too long for companies to collect and analyze their financial data.

Same Day ACH 41

Same Day ACH Small Business Payment APIs and Integration Privacy 41

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. This capability to quickly send money to other parties is gaining popularity. million P2P transactions totaling $1.2 A Cure for ‘The Awkwardness of Money’?

Faster Payments 41

Faster Payments Venmo Zelle P2P 41

Stax

APRIL 23, 2024

Most small business owners and employers are turning to ACH payments instead paper check payments because of the ease and instant access the ACH network provides. ACH transactions provide a quick and easy way to pay employees, submit and retrieve tax returns, and automatically control your finances within 1-2 business days.

ACH 88

ACH Direct Deposit ACH Network Wire Transfer 88

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

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

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

APRIL 4, 2018

While songwriters and independent music artists may be the foundation of their industry, they often struggle to keep their own finances running smoothly. Lyric Financial relies on ACH to quickly deposit funds into clients’ bank accounts around the world. It has also embraced same-day ACH in the U.S.

ACH 40

ACH Same Day ACH Wire Wires 40

Bank Automation

DECEMBER 20, 2023

BECU has rolled out same-day payments for its dealer partners as the credit union looks to increase funding speed as dealer cash flow remains squeezed amid elevated interest rates. based credit union has seen its funding time drop to five hours since rolling out same-day payments in July, down from 17 hours when it […]

Credit Union 78

Credit Union Payments Same Day ACH ACH 78