PYMNTS

JANUARY 21, 2019

NACHA was able to get all 13,000 banks in the U.S. NACHA reports that a growing percentage of healthcare claims are now using SDA rails instead of checks – one giant leap toward putting checks out of business. Truly instant payments require a system that can do that without any margin of error, because instant also means irrevocable.

Faster Payments 77

Faster Payments Same Day ACH Fed Real Time Payments 77

PYMNTS

FEBRUARY 11, 2019

NACHA and Same Day ACH debuted EXACT DATE to enable same-day settlements through three settlement windows, and are currently exploring options to extend that availability on weekends and holidays. The flip side, as Webster added, is that when payments are done instantly and on demand, they are irrevocable.

Faster Payments 78

Faster Payments Real Time Payments Same Day ACH Payments 78

Nanonets

SEPTEMBER 8, 2023

NACHA for ACH and government-run rails like FedWire & Swift for Wire. Once a wire transfer has cleared, it becomes irrevocable, with a few exceptions. You can use a validation tool offered by NACHA or a third-party too. ACH vs Wire: What to choose for payments? ACH and Wire are both Electronic Fund Transfer methods.

Wire Transfer 52

Wire Transfer Wire Wires ACH 52

PYMNTS

AUGUST 12, 2019

For the dwindling numbers of people who still receive a physical paycheck, new applications let workers take a picture of that check and get instant, irrevocable access to the funds for a modest fee. NACHA had this problem cracked when it launched Same-Day ACH, because its members all agreed to support it.

Real Time Payments 78

Real Time Payments FedNow TCH Fed 78

FICO

APRIL 29, 2022

Increasingly, the scams involve cryptocurrencies; The New York Times also recently investigating crypto romance scams in which victims are lured into paying criminals with fraudulent, and irrevocable, transfers into digital wallets. ACH volumes in the United States increased 8.7% in 2021, with P2P transactions up nearly 25%, to 271.2

Retail Payments 52

Retail Payments Zelle Romance Scams Consumer 52

FICO

DECEMBER 20, 2022

Scammers can hide in plain sight and use social engineering and direct outreach to consumers to coerce individuals to make instant, irrevocable payments. Most of that growth, according to NACHA , has come from payroll by direct deposit and consumers’ electronic bill pay. ACH Will Improve Business Cash Flows — and Scams Will Follow.

Digital Payments 52

Digital Payments Scams BNPL ACH 52