Remove NACHA Remove Payer Remove Ubiquitous
article thumbnail

FPC Work Groups: Exploring QR Codes for Faster Payments

Faster Payments Council

That kind of flexibility speaks to the payer, making it frictionless and creating a consistent experience. And, because you can place a QR code on anything—from a utility bill to a food truck—you're able to simplify the payment interaction.

FPC 68
article thumbnail

International Payments Group Champions Faster Cross-Border Payments

PYMNTS

Same Day ACH became a reality in 2017 after the National Automated Clearing House Association (NACHA) introduced its faster payments infrastructure to the market. In the U.S., In addition, innovators the world over are exploring how technologies like blockchain could address payments speeds and efficiency on an international level.

article thumbnail

For Insurance, Faster Payments Means Nothing Without Data

PYMNTS

This remains a hurdle, probably, to why [ACH] is not ubiquitous.” As VPay continues that effort, the company recently announced it received certification from NACHA as a third-party sender, a significant vote of confidence for the ACH rail in insurance B2B payments. “That’s the difficult part.” ”