Remove Good Funds Remove Same Day ACH Remove Security
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Breaking Down The Faster Payments Construct

PYMNTS

In just a matter of days, the payments industry will see a significant — and ubiquitous — change in the way payments are sent and received. Same Day ACH will create a new option for faster payments for all the banks and credit unions across the U.S. Both are about moving payments faster than they are today.”.

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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

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. Same Day ACH and the card rails – both of which allow for money to move fast into consumer and business bank accounts for every consumer with a debit product.

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The Big Tech Canary In The Faster Payments Coal Mine

PYMNTS

Oddly, the push for faster payments also comes at the same time when payments in the U.S. It didn’t take a regulatory proclamation for Same Day ACH to become ubiquitous in the U.S. – on board because it offered a solution for use cases where same-day was essential. are moving faster than they ever have.

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The Roil Over B2B Payments Rails

PYMNTS

The network is valuable because it connects all the end points to which those payments must be made and complies with the regulations that assure the secure movement of those funds. ACH rails now settle same-day, three times a day. Could that process be more efficient? Yes, it could. Does it work?

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Why Certainty Rules Payments

PYMNTS

PayPal and Amazon enable users to attach Visa- and Mastercard -branded payment methods to their accounts and to use them as the funding source when transacting on sites where their buttons are accepted, eliminating the need to enter card credentials on sites they may not know. Ubiquity can also be redefined by certainty.

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How Uncertainty Kills Commerce

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Consumers spend time waiting for a customer service agent to answer their questions, to be seen by their doctors and in security lines at the airport. Businesses wait to be paid by their buyers — not knowing when the money will actually be received, if it is good funds and sometimes how much they’ll get. consumers spent waiting.

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PODCAST: Solving Instant Payments Ubiquity Problem

PYMNTS

And for good reason, Ingo Money CEO Drew Edwards noted in a recent conversation with Karen Webster and Ingo Executive Vice President and Chief Product Officer Lisa McFarland — instant payments present a world of interesting possibilities for creating better consumer experiences across a wide range of uses.