Remove NACHA Remove Remittance Data Remove Same Day ACH
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How Small Businesses Ride Their Payment Rails

PYMNTS

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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Why Faster Payments Isn’t The Answer To Accounts Receivable Delays

PYMNTS

When NACHA first released its Same Day ACH capability, only about 6 percent of the first 2 million transactions made in the service’s first 11 days were B2B payments. is a lack of remittance data, he said. With faster payments functionality beginning to take off in the U.S.,

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For Insurance, Faster Payments Means Nothing Without Data

PYMNTS

Remittance data, linked to payments between providers and insurance players, is critical on both ends of the transaction. ” In verticals like healthcare, claim data can be dozens of pages long and, at present, the market struggles with transmitting that information efficiently whenever payments are made. .”

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How Email, Checks Sabotage Faster Supplier Payments

PYMNTS

“A lot of suppliers say they like the feel of the paper in their hand, they like to get the physical remittance data attached to that check — even though you can still get that data in other ways, including with ACH,” Martin explained. “But a lot of suppliers are what we consider old school. .

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