PYMNTS

MAY 3, 2017

Will adding a social media component, like the one offered by P2P service Venmo, push back against those awkward money requests among friends? Meanwhile, other companies are stepping up their investments in a variety of faster payment options, from blockchain-powered tools to P2P solutions to ACH. percent to 25.5 About the Tracker .

Faster Payments 42

Faster Payments P2P Venmo Use Case 42

PYMNTS

JULY 26, 2018

Venmo , the P2P service owned by PayPal , took in more than $14 billion in payments volume during the second quarter of 2018, a 78 percent year-over-year increase. Company officials also seemed pleased with their efforts to introduce more revenue-attracting services to Venmo — a positive sign for the spread of P2P payments as a whole.

Zelle 42

Zelle Venmo P2P PayPal 42

PYMNTS

OCTOBER 4, 2017

The October edition of the PYMNTS Faster Payments Tracker™ , powered by NACHA, looks at notable developments in the global remittance market, including new real-time payment tools for SMBs, blockchain and the latest trends in faster payments infrastructures, including the recent rollout of Same Day ACH Phase 2. About the Tracker .

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Zelle P2P Same Day ACH NACHA 40

PYMNTS

JANUARY 21, 2021

Nacha — which governs the Automated Clearing House (ACH) in the U.S. — Deep Dive: How P2P Payment App Providers Are Fending Off Fraudsters. Many bad actors are trying to scam victims into sending them payments via P2P apps, which the consumers are then unable to reclaim. Check out the story in the Tracker.

Real Time Payments 92

Real Time Payments RTP P2P Faster Payments 92

PYMNTS

OCTOBER 5, 2017

The fight for dominance in the person-to-person (P2P) payments market has escalated over the past few weeks, with banks and credit unions rolling out a new service to help them compete with newer FinTech companies. Selling Parents (And Their Millennial Kids) on P2P. billion during the first half of 2017. The Standalone Strategy.

Zelle 40

Zelle P2P Credit Union Venmo 40

PYMNTS

JANUARY 29, 2019

During the fourth quarter of 2018, ACH Network volume saw more growth than it has in the last decade, according to the National Automated Clearing House Association (NACHA), which noted same-day ACH payments also reached a new level. The ACH Network is stronger than ever,” NACHA Chief Operating Officer Jane Larimer said. Upwards of 5.9

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ACH Same Day ACH ACH Network NACHA 65

PYMNTS

JANUARY 15, 2018

6 percent: the portion of same-day ACH volume that constituted B2B payments during the first 11 days of NACHA’s launch of the service. That means the remaining were B2C and P2P transactions, representing a major gap — and opportunity — for B2B FinTech, payment and API companies to step in and expand use of the faster payment service.

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API B2B Same Day ACH Payment APIs and Integration 77

PYMNTS

NOVEMBER 22, 2016

In an interview with PYMNTS’ Karen Webster, Jan Estep, CEO of NACHA, delved into some of the more significant data points tied to Same Day ACH. $5 That’s the dollar value of Same Day ACH transactions that NACHA saw across the network through the month of October. 13 percent.

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Same Day ACH ACH NACHA Direct Deposit 65

PYMNTS

NOVEMBER 3, 2017

The November edition of the PYMNTS Faster Payments Tracker™ , powered by NACHA, examines the latest efforts by businesses and governments to make faster payments both more widely accessible and secure. And Apple isn’t alone making P2P payments noise. In India, Google’s latest mobile wallet is also creating a buzz. About the Tracker .

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Boot Camp FS-ISAC NACHA Faster Payments 50

PYMNTS

JANUARY 26, 2017

The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, recently provided the Same Day ACH transaction volume data for September 23 to December 30, 2016. Other uses for Same Day ACH included P2P payments, which saw 1.8 billion | P2P payments handled by Same Day ACH. 52 percent, 6.8 million, $5.9

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Same Day ACH ACH Direct Deposit NACHA 54

PYMNTS

JULY 7, 2017

The July PYMNTS.com Faster Payments Tracker™, powered by NACHA, highlights notable developments from across the faster payments landscape, including the debut of Early Warning System’s Zelle Network and how P2P payments could soon be distributed using voice commands. mobile banking consumers to use the platform’s P2P service.

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Faster Payments NACHA Federal Reserve Zelle 47

PYMNTS

OCTOBER 16, 2020

How Visa, FIS, TCH, SWIFT, Nacha And Circle See The Future Of Faster, Real-Time Payments Rails . Zelle: The Role Of AI In Stopping COVID-Related P2P Payment Scams . Peer-to-peer (P2P) payment apps face a double-edged cybercrime threat, with both account takeovers (ATOs) and scams targeting their users.

Instant Payments 95

Instant Payments Card Issuer Online and Mobile Banking Federal Reserve 95

PYMNTS

MARCH 18, 2019

Last week, NACHA issued an ACH operations bulletin announcing the delay of the rollout of a third Same Day ACH (SDA) processing window by six months, to March 19, 2021. The regulator notified NACHA that they need more time to evaluate required changes to their system before giving it the green light. A Couple of Important Dots.

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Faster Payments Fed RTP Same Day ACH 80

PYMNTS

MARCH 2, 2016

The March edition of the PYMNTS Faster Payments Tracker TM , powered by NACHA, covers the latest news and developments in the Faster Payments world, including the most recent notable player forays with the blockchain, like IBM ’s recent announcement of Blockchain-as-a-Service. DOWNLOAD THE TRACKER NOW. About The Tracker.

Faster Payments 41

Faster Payments NACHA C2B P2P 41

PYMNTS

SEPTEMBER 15, 2017

For NACHA, there’s a rollout of a different sort, with far-reaching impact on how, who and when consumers and enterprises see funds flow. In an interview with PYMNTS’ Karen Webster, Jane Larimer , chief operating officer at NACHA , said that the implementation of Phase 1 of Same Day ACH has gone smoothly, with a live debut last September.

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Same Day ACH ACH NACHA Debit Transaction 48

PYMNTS

JANUARY 11, 2017

Jack Henry & Associates and FIS Global joined Early Warning’s Zelle network to offer faster P2P services to U.S. Last month, NACHA hosted a gathering of congressional staffers and regulators to apprise them on faster payments trends. About The Tracker .

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Faster Payments NACHA Zelle Federal Reserve 52

PYMNTS

APRIL 17, 2017

The Electronics Payment Association NACHA announced significant increases in the ACH Network transactions. percent | Percentage of P2P payments increase. percent | Percentage of P2P payments increase. As the world of eCommerce continues to skyrocket, so does the world of electronic payments. Here are the numbers: $25.6

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ACH Network ACH Direct Deposit NACHA 40

PYMNTS

APRIL 7, 2016

The April edition of the PYMNTS Faster Payments Tracker ™ covers the latest news and developments in the Faster Payments world, including notable stories around the strides being made toward streamlining and accelerating P2P and B2B transactions. Will the blockchain have a transformative influence on banking in the near future? . …………….

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NACHA Faster Payments ACH Network P2P 40

PYMNTS

NOVEMBER 9, 2017

On the bright side, the percentage of FIs allowing consumers to push SDA credit payments – for both bill pay and peer-to-peer (P2P) applications – is expected to grow to 25 percent by the end of 2018. PYMNTS, in collaboration with NACHA, examined the current use and demand for SDA. About the Report. We surveyed 125 U.S.-based

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Same Day ACH ACH NACHA Origination 41

PYMNTS

MAY 10, 2018

The company announced news on Wednesday (May 9) that it is launching its Payment Account Tokenization solution to combat fraud in direct credit, direct debit and person-to-person (P2P) payments. Data from NACHA, however, found no increase in fraud reported by banks since the rollout of Same Day ACH last year.

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Real Time Payments Same Day ACH ACH P2P 43

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. They’re just a few of the latest developments covered in the Faster Payments Tracker, and there are clear implications for peer-to-peer (P2P) and consumer-to-business (C2B) transactions.

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Faster Payments Same Day ACH B2B Zelle 48

PYMNTS

JANUARY 15, 2018

Last June, NACHA and the Credit Research Foundation said that at present, paper checks make up half of B2B transactions received in the accounts receivable department; ACH accounts for less than a third. Further, in NACHA’s most recent update on same-day ACH volume – which found $87.1

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B2B Same Day ACH Innovation NACHA 55

PYMNTS

FEBRUARY 22, 2017

This year, Fiserv is nominated for yet another PYMNTS Innovation Project award, this time for the NACHA Best Innovation in ACH Award. ” Fiserv is yet again nominated for a PYMNTS Innovation Project Award , this time for the NACHA Best Innovation in ACH Award. .

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NACHA Same Day ACH ACH Innovation 51

PYMNTS

JUNE 6, 2017

NACHA, with its Same Day ACH offering, is leading the charge for faster payments in the U.S., and our latest Data Drivers , featuring PYMNTS’ Karen Webster and NACHA CEO Jan Estep, explored the possibilities. Another 13 percent were P2P transactions, and the relatively smaller remainder stood out as consumer bill payments.

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Same Day ACH ACH ACH Network NACHA 47

PYMNTS

MAY 4, 2018

Payments are moving toward greater speed, efficiency and choice – and in P2P payments, that’s led to the rise of financial technology giants. “P2P payments has not only one, but multiple ten-thousand-pound gorillas,” said Spottiswood. “B2B payments innovation seems to fall behind B2C and P2P,” she said.

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Same Day ACH P2P B2B Cross-Border 46

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. Demand from the FIs that Fiserv interacts with has been prioritized, Ruhe said, with the initial focus on P2P payments. The Use Cases.

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Faster Payments Real Time Payments Same Day ACH Payments 78

PYMNTS

MAY 4, 2017

In the P2P space, this means consumers these days have the ability to settle bills and deliver money to friends and family, well, fast. million P2P transactions totaling $1.2 million P2P transactions totaling $1.2 Among the more popular players in the P2P space is Venmo, a mobile payment platform owned by PayPal.

Faster Payments 41

Faster Payments Venmo Zelle P2P 41

PYMNTS

SEPTEMBER 2, 2016

NACHA President and CEO Jan Estep made it clear that the industry is more than ready for the change, and this week, she provided us with a look at several use cases and applications that Same Day ACH payments are sure to deliver on. According to research commissioned by NACHA related to the needs of payment users in the U.S.,

Faster Payments 42

Faster Payments Same Day ACH ACH ACH Network 42

PYMNTS

MARCH 9, 2020

At this point in time, corporate treasurers are still more likely to have personally used a P2P app than to have sent a real-time B2B vendor payment. Along those lines, the B2B API Tracker® details the new effort by the National Automated Clearing House Association (NACHA) to create its new Phixius payments data-sharing platform.

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API Business Payments Payment APIs and Integration Phixius 56

PYMNTS

AUGUST 17, 2017

Firms such as Citigroup have announced API hubs that will let third-party developers access consumer data to develop a range of services built around everything from P2P payments to a wide swath of functions tied to account management — from bill pay to money transfers. Here in the United States, the road is less clearly defined.

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API Online and Mobile Banking Credential NACHA 76

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. Venmo is reportedly charging businesses to use its mobile P2P money transfer service, while keeping itself free to individual consumers to use.

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Checks AFP Venmo B2B 41

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. Fiserv, for example, has its NOW Network, through which bill payments, person-to-person (P2P) transfers and other transactions are enabled in real time.

Faster Payments 49

Faster Payments Same Day ACH Demand Deposit Account (DDA) ACH 49

Stax

JULY 9, 2024

Key regulations governing EFT payments include the National Automated Clearing House Association (NACHA) rules, which establish guidelines for ACH transfers, and the Payment Card Industry Data Security Standard (PCI DSS), which sets security standards for handling card information. Q: How do businesses implement EFT payments?

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

Payment Savvy

MAY 16, 2023

Regulators Regulatory bodies like the National Automated Clearing House Association (NACHA) and the Consumer Financial Protection Bureau (CFPB) play an essential role in overseeing the instant ACH transfer process. They ensure that all participants of this network follow certain guidelines to maintain its safety, security, and efficiency.

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ACH Same Day ACH Direct Deposit Consumer Financial Protection Bureau (CFPB) 94

FICO

MARCH 27, 2017

A significant 14% were person-to-person (P2P), a pretty astonishing amount for a brand-new payment type. NACHA provides a roundup of interesting statistics : Consumer demands and expectation will continue to drive the speed of payments faster.

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Same Day ACH ACH AI Online and Mobile Banking 40

FICO

APRIL 29, 2022

Some of the changes are related to new digital payments methods like P2P apps, tap-to-pay, and cryptocurrency, which are all growing options in retail environments. in 2021, with P2P transactions up nearly 25%, to 271.2 With any change, fraud comes hand-in-hand. That $490 billion in 2021 comprised 1.8

Retail Payments 52

Retail Payments Zelle Consumer Romance Scams 52

PYMNTS

NOVEMBER 6, 2018

Recently, NACHA — The Electronic Payments Association approved three new rules to update Same Day ACH services. Such was the case in Hong Kong, where the existing RTGS system was only serving high-value interbank transactions, leaving peer-to-peer (P2P) and consumer-to-business (C2B) payments to languish. Even as the U.S.

Faster Payments 53

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