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Why the U.S. has reached a real-time tipping point

Finextra

With the Federal Reserve proposing to make its service available 22 hours a day, seven days a week, Nacha is also considering adding a fourth processing cycle for same-day ACH. Successfully monetizing payments data, however, demands the ability to natively process new ISO 20022 format messages.

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Same Day ACH: Impacts At The Intersections

PYMNTS

NACHA’s launch of Same Day ACH ushered in three settlement windows, enabling ACH payments to be received same day. ISO 20022, which is designed to set the tone for global financial industry messages, provides a standardized approach to building messaging standards across financial services.

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Clearing Up The Case For ISO 20022

PYMNTS

Though it can be traced back to 2004 and was revised as recently as 2013, the ISO 20022 framework is still a source of confusion across the payments industry. WHAT ISO 20022 ISN’T. It’s not one and the same.”. Another big confusion point for ISO 20022 is its application to ACH – and now Same Day ACH.

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Volante Enhances Corporate Payments-As-A-Service For FIs

PYMNTS

ACH, Same Day ACH, Zelle, RCH RTP clearing and settlement, and SWIFT cross-border payments are all supported under the solution. ” NACHA Chief Operating Officer Jane Larimer, meanwhile, also praised Volante for its support of ACH, Same Day ACH and ISO 20022 messaging standard adoption among U.S.

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The Clearing House’s Strategies To Drive RTP Uptake

PYMNTS

Payments providers can encourage such growth by ensuring their rails are easy to work with, such as by implementing ISO 20022 for payments messaging — a standard that developers often use for other web and mobile application projects, according to Ledford. Proving Value. Motivation is especially important in the U.S.,

RTP 81
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New NACHA Hub Offers B2B Data Sharing

PYMNTS

Aside from using the blockchain, it will use Afinis interoperable and standardized APIs, as well as ISO 20022. While RTP emerged as a new payment rail to address payment friction, NACHA’s Same Day ACH is helping to accelerate the adoption of the rail. Payments value hit $55.8 percent jump.

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ACH Network Processed 21.5B Transactions in 2017

PYMNTS

2017 marks another significant achievement in the evolution of the ACH Network, as transaction volume was exceptionally strong and Same Day ACH was made fully available,” said NACHA Chief Operating Officer and General Counsel Jane Larimer. billion “on-us” ACH transactions, which are not processed by ACH Network operators.