PYMNTS

OCTOBER 15, 2020

Panel members included Russ Waterhouse , EVP at The Clearing House; Mike Kresse , SVP card and money movement at FIS; Jane Larimer , CEO at Nacha; David Scola , chief executive, Americas and UK at SWIFT; and Jeremy Allaire , CEO at Circle. Interoperability In Focus . Moving Beyond ACH .

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Real Time Payments NACHA SWIFT TCH 125

PYMNTS

OCTOBER 10, 2016

23, the industry welcomed the rollout of ubiquitous faster payments to every consumer and business in the U.S. NACHA’s launch of Same Day ACH ushered in three settlement windows, enabling ACH payments to be received same day. Much like ISO 20022, tokenization is not a new concept for NACHA. via all banks and credit unions.

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Same Day ACH ACH ISO 20022 NACHA 76

PYMNTS

FEBRUARY 4, 2019

is still scrambling to catch up, however, and major financial players are hoping it can achieve its own ubiquitous real-time payments system by next year. Use of Same Day ACH (SDA) — overseen by NACHA (The Electronic Payments Association) and the Federal Reserve — has risen. NPP’s CEO, Adrian Lovney, told PYMNTS that nearly 1.5

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Faster Payments Federal Reserve Real Time Payments TCH 73

PYMNTS

JANUARY 21, 2019

where almost everyone is now banked) and made the case for why the Fed was positioned as the best player to operate a ubiquitous, interoperable real-time payments network – even though the Fed doesn’t have a great track record at payments innovation ( #killthecheck ). NACHA was able to get all 13,000 banks in the U.S.

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Faster Payments Same Day ACH Fed Real Time Payments 77

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. This means many of the applications will require integrations with other systems — whether they’re back-office systems or payment systems, such as ACH; interoperability with other systems will be key.

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Faster Payments Same Day ACH ACH ACH Network 76

PYMNTS

DECEMBER 8, 2017

The report laid out strategies for fostering a ubiquitous, secure, faster payments ecosystem by 2020. According to Connie Theien, senior vice president of industry relations at the Federal Reserve, the group is focused on developing a governance framework for faster payments technology interoperability in the U.S. About the Tracker .

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Fed Federal Reserve Faster Payments NACHA 40

PYMNTS

JULY 24, 2017

Soon, firms began popping up all over the country, filling in the pieces of the ubiquity puzzle essential for an interoperable network to operate at scale. Between 1866 and 1910, Western Union fought bitterly with the federal government over who should own and operate this network now that it was up and running and ubiquitous.

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Fed Faster Payments Ubiquitous Same Day ACH 47