PYMNTS

NOVEMBER 9, 2017

In a world of evolving technology and instant offerings, financial institutions (FIs), cybersecurity providers, merchants and consumers must all remain aware of the innovative solutions popping up around them — and the bad actors looking to take advantage. 50 percent | Percentage of surveyed U.S.

Same Day ACH 43

Same Day ACH Ransomware ACH Cybersecurity 43

PYMNTS

APRIL 6, 2017

Phase One of the Same Day ACH rollout that made credit transfers a reality was completed last year. Phase Two, which will allow debit transactions on the same day, is planned for September 2017. The third phase, which will usher in faster ACH credit funds availability, is on track to occur in March 2018.

Same Day ACH 40

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PYMNTS

SEPTEMBER 21, 2016

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.”.

Faster Payments 76

Faster Payments Same Day ACH ACH ACH Network 76

PYMNTS

OCTOBER 6, 2020

New payment rails are again in the spotlight, with commercial card and contactless payments emerging as the top focuses for innovators. This week's look at payment rail innovation is all about digitization and payments acceptance. 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

JANUARY 28, 2020

When it comes to payment rail innovation, transaction speed is often the catalyst driving change. While RTP emerged as a new payment rail to address payment friction, NACHA, which manages the ACH payment rail, announced that its newest service on the legacy payment network, Same Day ACH, is helping to accelerate adoption of the rail.

Same Day ACH 79

Same Day ACH RTP NACHA ACH 79

PYMNTS

APRIL 22, 2020

While there has been some innovation in wage payment mechanisms as more employers shift away from the paper check toward direct deposit and payroll cards, little has changed about the timing of those payments. ACH Innovation Breaks The Mold. It’s also opened up conversations about how professionals get paid.

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Payroll ACH Same Day ACH Innovation 62

PYMNTS

DECEMBER 3, 2020

Payment innovators are embracing the opportunities to mix payment rails old and new in search of business-to-business (B2B) solutions that can tackle longstanding friction.

B2B 88

B2B NACHA Innovation Nacha Operating Rules 88

PYMNTS

NOVEMBER 10, 2017

Same-day ACH: Some encouraging stats from joint research from NACHA and PYMNTS. Some 14 months since launch, and among 125 FIs surveyed, 66 percent are making same-day funds available. About 75 percent of firms plan to offer same-day ACH credit origination to their business customers by the end of 2018.

Same Day ACH 40

Same Day ACH ACH NACHA Ransomware 40

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 89

B2B Same Day ACH NACHA ACH 89

PYMNTS

APRIL 30, 2020

This week’s examination of the latest in payments rails innovation finds financial service providers innovating on top of existing rails to address the friction of ACH, checks and other bank transfer infrastructure. ACH transaction data standardization will also be important for reconciliation and reporting, said Thorness.

Innovation 73

Innovation Global Payments Cross-Border ACH 73

PYMNTS

JANUARY 15, 2018

It was only (relatively) recently that B2B payments finally secured significant attention and investment from innovators. It exemplifies the newly innovative nature of the B2B payments market, but Ernest Rolfson, Finexio CEO, says that doesn’t necessarily mean progress is guaranteed.

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B2B Same Day ACH Innovation NACHA 55

PYMNTS

JANUARY 15, 2018

and EU like Open Banking and PSD2 that require such cooperation, APIs are emerging as an essential piece of the equation for payments innovation. 6 percent: the portion of same-day ACH volume that constituted B2B payments during the first 11 days of NACHA’s launch of the service.

API 77

API B2B Same Day ACH Payment APIs and Integration 77

PYMNTS

MAY 25, 2017

Hence the recent announcement of the 2017 NACHA Payments Awards , which seeks to spotlight innovation and advancements in payments technology, which this time around was predicated on proven accomplishment in advancing electronic payments and finding new ways to leverage Same Day ACH.

NACHA 46

NACHA Same Day ACH Innovation ACH 46

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 79

API Same Day ACH NACHA ACH 79

PYMNTS

JANUARY 29, 2019

During the fourth quarter of 2018, ACH Network volume saw more growth than it has in the last decade, according to the National Automated Clearing House Association (NACHA), which noted same-day ACH payments also reached a new level. billion ACH payments happened in Q4 last year, including 3.5 Upwards of 5.9

ACH 65

ACH Same Day ACH ACH Network NACHA 65

PYMNTS

NOVEMBER 21, 2019

initiatives of innovating in faster payments capabilities and promoting adoption of real-time payments. ACI Worldwide is connected to Zelle and The Clearing House (TCH), the latter of which offers Same-Day ACH services. The company is joining the FPC to support U.S. In the U.S.,

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Faster Payments FPC Federal Reserve FedNow 99

PYMNTS

AUGUST 29, 2018

NACHA ‘s Payments Innovation Alliance has gained a new member. 28), NACHA announced that the New England Automated Clearing House (NEACH) has joined the Alliance, an initiative that promotes collaboration between volunteers to achieve innovation and progress in the payments industry. In a press release issued on Tuesday (Aug.

Innovation 40

Innovation Same Day ACH ISO 20022 NACHA 40

PYMNTS

DECEMBER 31, 2019

Manual processes can be particularly problematic for such businesses because these firms can generate thousands of payments every day. The following Deep Dive further explores how paper-based methods can result in processing delays and how new, cutting-edge payment innovations can drive accounts payable (AP) automation.

Process 61

Process Innovation Same Day ACH B2B 61

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 42

Faster Payments Same Day ACH ACH ACH Network 42

PYMNTS

SEPTEMBER 19, 2019

A majority (55 percent) of corporate professionals identified real-time payments as their top B2B payment service priority, according to the Real-Time Payments Innovation Playbook. Among these new services, the top focus is real-time payments (55 percent), followed by same-day ACH (44 percent). Security vs. Friction.

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B2B Innovation Real Time Payments Same Day ACH 53

Payment Savvy

MAY 16, 2023

What Are Instant ACH Transfers? Instant ACH transfers are a modern innovation in digital payments, allowing for near-real-time movement of funds between bank accounts. 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

JANUARY 21, 2019

That was the day that an advocacy group, Financial Innovation Now (FIN), submitted a public comment letter to the Fed in response to its proposal to create and operate a real-time payments system in the U.S. Oddly, the push for faster payments also comes at the same time when payments in the U.S. It flew in on Dec.

Faster Payments 77

Faster Payments Same Day ACH Fed Real Time Payments 77

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. In October alone, the ACH Network processed nearly $5 billion in 3.8

Faster Payments 69

Faster Payments Same Day ACH ACH NACHA 69

PYMNTS

JANUARY 8, 2021

As far as fees are concerned, she explained that existing competition from other providers, card networks and same-day ACH will likely keep fees in line. “To And lastly, it will be critical to continue to innovate in a way that is still safe and secure. “We will definitely see that continuing to evolve,” Whisler said.

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RTP TCH Funding Agent Continuing Education 139

PYMNTS

NOVEMBER 3, 2020

And the market is responding with creativity, innovation … and velocity. The appetite for new payments approaches is only growing, with The Clearing House (TCH) reporting that 400 more FIs have already gained technical access to the RTP network.”.

Real Time Payments 109

Real Time Payments RTP Same Day ACH Payer 109

PYMNTS

JULY 24, 2019

Real estate is the source of massive, ongoing digital innovation – and the same holds true, at least arguably, in the wider world of credit unions , though many of them still struggle to offer loyalty and rewards programs to retail consumers. consumers with access to same-day ACH. 95 percent: Share of U.S.

Same Day ACH 53

Same Day ACH Credit Union ACH Faster Payments 53

PYMNTS

MARCH 19, 2019

And a new interview shows that speed in payments is not as important as one might assume, which has wider implications for innovation. Data: March 19, 2012: Expected rollout date for a third Same-Day ACH (SDA) processing window. percent: Q4 increase in B2B transactions via the ACH network.

Same Day ACH 49

Same Day ACH Digital Payments Federal Reserve ACH Network 49

PYMNTS

AUGUST 12, 2019

Fast-forward four decades, and everyone – FIs, ACH operators, FinTechs – have been working overtime to get payroll off the paper check and to get wages into workers’ bank accounts faster. Over the last several years, an army of innovators with billions in venture funding have built instant pay products on top of card network debit rails.

Real Time Payments 78

Real Time Payments FedNow TCH Fed 78

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 49

Faster Payments Same Day ACH Demand Deposit Account (DDA) ACH 49

PYMNTS

MARCH 18, 2019

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. depository institutions are using for payments innovation.” Then came PayPal’s debut of Instant Transfer to Bank. A Couple of Important Dots.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

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

PYMNTS

MAY 4, 2016

Challenges and solutions continue to emerge surrounding NACHA’s recent move toward establishing Same Day ACH payments, which are due to arrive as soon as September 2016. Companies said they were also interested in how ACH might impact expedited bill pay, person-to person functionality, and payment options.

Faster Payments 40

Faster Payments Same Day ACH NACHA ACH 40

PYMNTS

FEBRUARY 5, 2020

The ACH payments and financial data exchange nonprofit NACHA is developing a digital platform to streamline payments by facilitating data sharing via a centralized hub, NACHA announced Wednesday (Feb. The innovative hub addresses the industry’s plea for an easy, automated way to exchange transaction information. Payments value hit $55.8

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NACHA Phixius B2B Same Day ACH 52

PYMNTS

OCTOBER 8, 2018

B2B payments innovators and Warren Buffet have something in common: They are both obsessed with rails. Today, a host of innovators are making B2B payments rails sexy again too. Over the course of an hour, six panelists debated several topics that are at the core of this B2B payments rails/innovation debate.

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B2B Same Day ACH Payments ACH 76

PYMNTS

FEBRUARY 21, 2017

In last year’s NACHA Challenge Awards , a team competition that fosters payments innovation, Royal Credit Union earned the Audience Choice Award by proposing an API that lets companies validate consumer accounts in real time.

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Faster Payments Same Day ACH NACHA Credit Union 51

PYMNTS

MARCH 3, 2017

Rather, it is a question that takes shape as innovation comes, as it always does, consistently and constantly, to the payments world. Those firms, she said, have worked to develop innovative user interfaces or channels, with attendant focus on features or functionality and an eye on “taking away pain points” of traditional payments systems.

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Same Day ACH NACHA ACH Payments 50

PYMNTS

AUGUST 4, 2017

However, if recent developments in the financial services industry are any indication, innovation waits for no institution, company, agency or, for that matter, Fed report. Many players in the financial services market were already launching innovative solutions without knowing which guidelines the Fed would recommend for the U.S.

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Community Banks Faster Payments Innovation Same Day ACH 46