article thumbnail

AR Execs Gear Up For ACH To Surpass Check Use, NACHA Finds

PYMNTS

Accounts receivable professionals are preparing for paper checks to decline and automated clearing house (ACH) payments to rise, according to a new report by the National Automated Clearing House Association (NACHA) and the Credit Research Foundation (CRF).

NACHA 40
article thumbnail

NEW REPORT: Will Faster Payments Take Banks For A Walk On The Wild Side?

PYMNTS

As faster payments gain in popularity, regulators are starting to take notice and are developing their own rules and policies on how to respond to faster payments developments. Last month, NACHA hosted a gathering of congressional staffers and regulators to apprise them on faster payments trends.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

B2B Payments Remains Without A Clear Picture Of Faster Payments’ Impact

PYMNTS

finally making inroads in its faster payments initiatives, it’s now time to see whether faster payments will make their way into the B2B sphere too. Released last week, December’s PYMNTS Faster Payments Tracker , powered by NACHA , tracks progress of faster payments initiatives throughout the U.S. But with the U.S.

article thumbnail

Corcentric Joins The B2B Payments Game

PYMNTS

In the context of the rollout of Same Day ACH, as well as new research that found companies have actually increased their use of the paper check in the last three years, the payment rail choice isn’t always easy. It’s unlikely that one payment technology will become so popular that it drives others into irrelevancy, he said.

B2B 65
article thumbnail

What is an EFT Payment? Everything to Know About This Method of Payment

Stax

An EFT payment includes many more than debit or credit card transactions, and with seemingly constant technological advancements, new ways to pay are always emerging. In fact, last year, we discussed the top seven payment trends to keep an eye on, all of which are examples of EFT payments and remain trending now.

article thumbnail

How Faster Payments Demands Faster Reactions Against B2B Payments Fraud

PYMNTS

NACHA may have assured some banks that Same Day ACH hasn’t led to an increase in payments fraud, but concerns remain widespread about how the initiative and other faster payments efforts will reduce the window of opportunity for FIs to detect and prevent an incident. They change their fraud tactics very, very quickly.

article thumbnail

Fighting Financial Awkwardness With Faster Payments?

PYMNTS

PYMNTS recently caught up with Venmo’s Chief Operating Officer, Mike Vaughan, about the service’s millennial appeal, how mixing social media and finances changes the payment dynamic and how payment trends are poised to change — thanks to faster payment solutions and offerings. A Cure for ‘The Awkwardness of Money’?