PYMNTS

AUGUST 17, 2017

When it comes to open banking, there’s a clear choice in place: by fiat, which includes formal processes, or by evolution, which would imply letting the market dictate what happens. In an interview with PYMNTS’ Karen Webster, Clayton Weir, co-founder and chief strategy officer of FI.SPAN, revealed the promise and the peril of open banking.

API 76

API Online and Mobile Banking Credential NACHA 76

Stax

NOVEMBER 11, 2024

In fact, NACHA, the nonprofit that governs the ACH payments network reported 6.1% Or mobile wallet payment solutions like Google Pay and Apple Pay. According to NACHA, most ACH transfers process the same or next-day. The Federal Trade Commission offers straightforward advice: “don’t give out your bank account number.”

ACH 88

ACH Checks Identity Theft Payments 88

PYMNTS

OCTOBER 11, 2018

Three quarters — 75 percent — of college-age consumers prefer to interact with mobile banking apps. To serve millennials and other consumers, Wells Fargo launched a mobile banking app called Greenhouse by Wells Fargo last year. Yet there is some adoption of faster payment technologies among corporates. In the U.S.,

Faster Payments 60

Faster Payments Economy Real Time Payments Online and Mobile Banking 60

PYMNTS

JANUARY 21, 2021

The January Real-Time Payments Tracker® examines how fraudsters seek to compromise and abuse real-time payments systems and how advanced learning tools, robust data analysis and other strategies can help banks and businesses detect, deflect and defuse such attacks. Nacha — which governs the Automated Clearing House (ACH) in the U.S. —

Real Time Payments 92

Real Time Payments RTP P2P Faster Payments 92

PYMNTS

AUGUST 4, 2017

Are community banks missing the chance to climb aboard the faster payments train? The report included several recommendations for banks, FinTechs and other financial services players — guidelines to establish an industry-driven framework for governing the system and encourage further research and investment in emerging financial technologies.

Community Banks 46

Community Banks Faster Payments Innovation Same Day ACH 46

PYMNTS

MARCH 3, 2017

In an interview with Karen Webster of PYMNTS, Janet Estep, president and CEO of NACHA, noted that technology is always under the microscope. Turning to Same Day ACH, Estep noted that NACHA has seen very good adoption since the September 2016 launch of the service “in a lot of the ways in which it was expected.”

Same Day ACH 50

Same Day ACH NACHA ACH Payments 50

PYMNTS

SEPTEMBER 30, 2016

The CFPB doesn’t like it and has decided it needs to go – and just like Wells was the big fish on the line for the ongoing crackdown/smackdown of big banks, nailing the startup that went to market as the kindler, gentler side of payday loans may be the example that’s held up to put the rest of the industry out to pasture. Better not.

CFPB 69

CFPB Online and Mobile Banking Bots Same Day ACH 69

PYMNTS

SEPTEMBER 21, 2018

In an alert issued this week, the IC3 said it has received complaints that cybercriminals are targeting the online payroll accounts of various employees across several verticals, most notably education, healthcare and commercial aviation. Mobile malware is on the upswing, said the report, targeting mobile banking.

Payroll 56

Payroll FBI ACH Same Day ACH 56

Stax

JULY 9, 2024

EFT payments are transactions between the sender and receiver that transfer funds electronically from the sender’s bank account to the receiver’s. Contactless payments Related to traditional card payments are contactless or Near-Field Communication (NFC) payments , which take the form of NFC-enabled payment cards or mobile wallets.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

PYMNTS

MARCH 2, 2016

The paper check is often called out for its cost burden on businesses, with costs hitting as high as $9 per check, according to analysis from NACHA. Recipients can then deposit that check into their bank account online, or they can print it out. There goes one argument for why corporations should ditch the check.

Checks 41

Checks AFP Venmo B2B 41

PYMNTS

AUGUST 15, 2018

A new survey released from TD Bank suggests that real-time payments technology is beginning to capture the attention of the corporate payments world. The survey, conducted at the 2018 NACHA PAYMENTS Conference held in San Diego earlier this year, asked 390 industry professionals about their expectations from the payments industry.

Real Time Payments 40

Real Time Payments Faster Payments Payments Cybersecurity 40

PYMNTS

OCTOBER 8, 2018

launched its Faster Payments scheme, after the regulator said the banks had to comply, but has amped up ever since, as regulators in a few other countries have followed in the U.K.’s Topic Two: Banks — sure, they’re boring as all get out, but they are innovating. This payments debate — old rails/new rails — is not new. s footsteps.

B2B 76

B2B Same Day ACH Payments ACH 76

PYMNTS

SEPTEMBER 13, 2018

To that end, Deutsche Bank ’s Global Transaction Banking Unit released a report that shows faster payments are spurring corporate treasurers to get a bit faster, too. The companies have been working to build out a blockchain platform that allows for mobile payments across global communication carriers.

Cross-Border Payments 40

Cross-Border Payments Cross-Border Risk Same Day ACH 40

FICO

MARCH 27, 2017

Four years ago, we at FICO started saying it’s time for banks to upgrade fraud protection in their retail banking departments. Are banks truly ready for same-day ACH? NACHA provides a roundup of interesting statistics : Consumer demands and expectation will continue to drive the speed of payments faster.

Same Day ACH 40

Same Day ACH ACH AI Online and Mobile Banking 40

PYMNTS

JANUARY 2, 2017

The spring brought coverage of mobile advertising and payments on the go at food trucks as small, smart device-powered businesses, and in the fall, we looked at the biggest trends in digital security at the annual Money20/20 Conference in Las Vegas. DIGITAL BANKING TRACKER.

ACH 49

ACH Online and Mobile Banking Cross-Border Same Day ACH 49

Nanonets

MAY 30, 2023

 The World Bank reports that two-thirds of adults worldwide make or receive a digital payment today, with the share in developing economies growing from 35% in 2014 to 57% in 2021.  Bank transfers and digital wallets are more recent developments that have leveraged the rapid expansion in digital data and interconnectivity.

Payment APIs and Integration 52

Payment APIs and Integration Credit Cards Online and Mobile Banking Payment Reconciliation 52

EBizCharge

APRIL 25, 2024

Wire transfers and electronic funds transfers have been staples of financial transactions for decades, but various electronic transfer methods have emerged with the innovation in banking technology. What is an electronic funds transfer (EFT)? ACH transfers are common for low- or mid-value payments that don’t require immediate settlement.

Wire Transfer 52

Wire Transfer Wire Wires Electronic Funds Transfer (EFT) 52

EBizCharge

SEPTEMBER 18, 2024

This system allows businesses and consumers to move money between bank accounts, either within the same institution or across different financial institutions. They facilitate payroll, pension payments, or any recurring direct deposit to an individual’s bank account.

ACH 52

ACH IAT ACH Network Direct Deposit 52

EBizCharge

JULY 18, 2024

EDI payments streamline the payment process, reduce human error, minimize manual data entry, and facilitate faster funds transfers between banks. Payment Instruction: Payment instructions are sent electronically from the buyer to their bank, often as an EDI 820 transaction set.

ACH 52

ACH Transactions Payments Funds Transfer 52

PYMNTS

JUNE 22, 2016

The rise of technology has given rise to online networks, which of course has given rise to individuals sharing all manner of information, from selfies to more serious fodder. As for mobile, the panelists agreed that payments on the go is not necessarily the catch all that some would suspect.

B2B 40

B2B Online and Mobile Banking Payments Checks 40

EBizCharge

FEBRUARY 17, 2025

These solutions automate the processing of ACH payments, reducing the manual effort required to handle bank transfers and ensuring seamless reconciliation within NetSuite. Secure customer payment data Implementing PCI-compliant security measures allows businesses to safeguard credit card and bank account details to prevent data breaches.

ACH 59

ACH Credit Cards Transactions Accounts 59