PYMNTS

NOVEMBER 5, 2018

NACHA released new statistics late last week on growth of ACH transaction volume in the U.S. According to the firm, B2B transactions were a key driver of ACH transaction growth in the third quarter of the year, leading NACHA Chief Operating Officer Jane Larimer to describe the ACH Network as “thriving.”.

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Small Business Same Day ACH Wire Transfer NACHA 68

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.

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Stax

MARCH 27, 2025

Another EFT type that businesses rely on is ACH. Understanding ACH Payments: The Backbone of Bank Transfers EFT is like a toolbox for digital payments, while ACH is one of the most reliable tools you can find inside. Automated Clearing House (ACH) is a subset of EFT in the United States that moves funds through the ACH network.

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ACH Electronic Funds Transfer (EFT) Wire Transfer Wire 88

PYMNTS

JULY 3, 2017

Earlier this month, NACHA (the National Automated Clearinghouse Association) sent its Government Relations Advisory Group on its annual pilgrimage to Capitol Hill. The purpose of Capitol Hill Day is to provide updates and continued education to Congressional representatives and staff regarding the ACH Network, payments, and operating rules.

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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

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Faster Payments Same Day ACH ACH NACHA 69

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. The regulator notified NACHA that they need more time to evaluate required changes to their system before giving it the green light.

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Faster Payments Fed RTP Same Day ACH 80

PYMNTS

DECEMBER 12, 2017

Released last week, December’s PYMNTS Faster Payments Tracker , powered by NACHA , tracks progress of faster payments initiatives throughout the U.S. billion in funds transferred using Same Day ACH, an average of $650 per transaction. But with the U.S. Together, they accounted for about $1.5

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Faster Payments Same Day ACH B2B Zelle 48

PYMNTS

DECEMBER 13, 2017

Just two days after the first bitcoin futures launched on the U.S. Just two days after the first bitcoin futures launched on the U.S. 14 | The number of months that have passed since the first phase of Same Day ACH credits debuted. Here are the numbers: $42.5 In fact, 43 percent of 125 surveyed U.S.-based

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PYMNTS

NOVEMBER 3, 2016

Today’s consumers increasingly expect payments to be processed quicker than ever before, and insurance companies are turning to newly introduced faster payment initiatives, such as Same Day ACH, to accommodate the demand. When Hurricane Matthew’s Category 5 bluster wreaked havoc on U.S.

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Faster Payments Same Day ACH ACH Payments 72

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.

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PYMNTS

SEPTEMBER 26, 2016

Same Day ACH is now a reality and, with much fanfare, represents the first ubiquitous faster payments initiative in the United States without an attendant regulatory mandate. But as Karen Webster noted in the latest installment of Topic TBD, even as faster payments takes a step closer to reality in the U.S.,

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Same Day ACH Faster Payments Ubiquitous ACH 71

PYMNTS

JANUARY 31, 2019

NACHA recently released new figures on ACH network volume, revealing earlier this week that Same-Day ACH volume grew 46 percent between Q4 2017 and Q4 2018, surpassing 50 million transactions for the first time. demand for faster payment capabilities, too. demand for faster payment capabilities, too.

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PYMNTS

SEPTEMBER 26, 2016

Using FIS-run PayNetExchange to process ACH, checks and virtual cards and using Comdata to issue Mastercard commercial cards, Corcentric pulls in payment capabilities across a range of rails to support the last mile of the B2B transaction. From sourcing to invoicing, B2B transactions involve a lot of steps before the actual payment.

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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. Submissions for the 2017 NACHA Challenge Award are now being accepted through February.

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Faster Payments Same Day ACH NACHA Credit Union 51

PYMNTS

NOVEMBER 2, 2016

Today’s consumers increasingly expect payments to be processed quicker than ever before, and insurance companies are turning to newly introduced faster payment initiatives, such as Same Day ACH, to accommodate the demand. When lives need rebuilding, receiving funds quickly is more than nice-to-have. About The Tracker.

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Faster Payments Same Day ACH NACHA Payments 74

Payment Savvy

MAY 16, 2023

The backbone of these developments is none other than America’s Automated Clearing House (ACH) which facilitates seamless electronic transactions between banks and financial institutions within its network. Instant ACH transfers have gained prominence as they cater to the increasing demand for expedited financial transactions.

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PYMNTS

JANUARY 15, 2018

A notoriously clumsy, friction-filled industry, B2B transactions must forge new paths to boost efficiency as businesses demand global solutions, speed and transparency. Further, in NACHA’s most recent update on same-day ACH volume – which found $87.1

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PYMNTS

DECEMBER 13, 2017

It has been 14 months since the first phase of Same Day ACH credits debuted, and in numbers via a joint study by PYMNTS and NACHA, business origination of Same Day ACH credit has been significant, with clear trends in place that show healthy use and demand.

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PYMNTS

SEPTEMBER 21, 2018

Augmented reality (AR) and virtual reality (VR) have spent much of 2018 generating buzz as a potential tool for retailers looking to bridge the digital/physical gap and deliver an all-encompassing, omnichannel shopping experience. Retailers and merchants — big and small — have come running to the tech. AR/VR technology itself is not all that new.

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Same Day ACH ACH NACHA Money Laundering 77

PYMNTS

FEBRUARY 6, 2018

From employers who use the service for direct-deposit payments to landlords and utility companies that use it to collect rent or monthly bills, same-day ACH has been gaining in popularity and putting a variety of payment types in the fast lane. local time on the day a transfer is initiated, goes live in March.

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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. The lure of ACH payments is customers “want to know just how much is left in their accounts.”.

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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. Could it be better?

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Faster Payments Same Day ACH Fed Real Time Payments 77

PYMNTS

FEBRUARY 4, 2019

Demand for these services is high. Use of Same Day ACH (SDA) — overseen by NACHA (The Electronic Payments Association) and the Federal Reserve — has risen. Meanwhile, NACHA called for continued attention on faster ACH’s value. Numerous payments schemes have rolled out since the U.K.

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Faster Payments Federal Reserve Real Time Payments TCH 73

PYMNTS

FEBRUARY 11, 2019

may be perceived as being a bit behind the demand of consumers. 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. He pointed to Zelle , the U.S.-based

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Faster Payments Real Time Payments Same Day ACH Payments 78

PYMNTS

AUGUST 24, 2016

From Same Day ACH to paycard controversies , a few recent news stories have placed payroll in center stage. workers surveyed receive funds from their paychecks in less than a day, with the majority of employees (81 percent) getting paid via direct deposit. 25), reveals that more than a third (36 percent) of U.S.

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Faster Payments Same Day ACH Payroll On-Demand 42

PYMNTS

JUNE 25, 2018

“The growth of real-time payments and the demand for contextually relevant data that can be used by consumers, banks and billers means bill payment services now need to focus on changing how payments fundamentally work and how they integrate into the broader experience,” said David Albertazzi, a senior analyst at Aite Group who worked on the report.

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PYMNTS

JUNE 19, 2017

I remember having this conversation a decade ago” said Gurz, with banks and other firms about modernizing the payments infrastructure, and now consumers are demanding faster payments on the retail side. For years. “I For CGI’s own clients, as the U.S. For CGI’s own clients, as the U.S.

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PYMNTS

MARCH 20, 2018

The publication noted, however, that some critics say Australia’s financial services market is unable to meet the demand for robust anti-fraud practices even within accelerated payments. Same Day ACH limits transaction values to $25,000. These will continue to be in place with the NPP.”. In the U.S., Customers’ Role.

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PYMNTS

NOVEMBER 6, 2018

Demand is also heating up for real-time gross settlement (RTGS) systems. Recently, NACHA — The Electronic Payments Association approved three new rules to update Same Day ACH services. By September of this year, 40 such rails were live, with 16 more expected to launch by early 2020. Even as the U.S.

Faster Payments 53

Faster Payments Real Time Gross Settlement (RTGS) Same Day ACH Cross-Border Payments 53

PYMNTS

AUGUST 30, 2018

As more companies go global and engage in cross-border trade, these rails will face increased demand to efficiently deliver money, and there will be a growing need for the adoption of a common protocol to improve interoperability between payment systems, opening doors for new players to expand their reach. In the U.S.,

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PYMNTS

OCTOBER 11, 2018

NACHA found B2B payments made up 6 percent of the nearly two million same-day ACH transactions that occurred in the first 11 days the service went live. And in January , Wirecard and gig economy company Moonrise said they were working together to provide same-day payment to gig workers on the Moonrise platform.

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Faster Payments Economy Real Time Payments Online and Mobile Banking 60

PYMNTS

NOVEMBER 13, 2019

The first step in achieving such traction is demand, he noted. That sparked a catalyst of demand and opportunity in the market, said Edwards, as more industries saw use cases for faster and real-time payment services. In addition, Nacha ‘s inability to offer always-on, 24/7 real-time capabilities is its greatest weakness.

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PYMNTS

AUGUST 12, 2019

Senator Elizabeth Warren asks in a campaign ad, ignoring the fact that 93 percent of working Americans have their checks directly deposited into their bank accounts – ready for use on payday – using the ACH network. Ironically, perhaps, the ACH network’s first direct deposit use case was the U.S.

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PYMNTS

JUNE 29, 2018

” The acceleration of ACH payments — namely, the implementation of Same Day ACH — has its place in the insurance market, he added, particularly when it comes to B2C use-cases, like workers’ compensation and claims payouts. “We see really high adoption of virtual cards.”

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PYMNTS

JANUARY 23, 2018

It’s also true that B2B payments players anticipate the paper check to eventually fall to second place, with corporates instead turning to ACH to pay suppliers. NACHA analysis found accounts receivables professionals predict ACH will surpass checks in the next few years. The expansion of ACH across the U.S.,

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PYMNTS

OCTOBER 8, 2018

Those payments are made largely over rails that have been in place for decades: the bank, ACH and wire rails and via a payment method that has existed for centuries — the good, old-fashioned paper check. Warren Buffet made rails sexy again when he bought a railroad in 2009. He began investing in them long before he bought one.

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PYMNTS

JUNE 30, 2017

There’s another catch, though: While Bill.com facilitates ACH payments, it also announced news that it would support paper check payments made by SMEs by producing and mailing out checks to payees on behalf of SME users. Within six to nine months on the system, they move to about 50-plus percent ACH payments.”.

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