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NACHA Reports Faster Payments Playbook Details

PYMNTS

NACHA’s Payments Innovation Alliance released a report with details from its first formal in-person meeting of the Faster Payments Playbook Project Team. Our goal is to be thoughtful and inclusive as we look to build resources that can serve the entire financial services ecosystem.

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Fighting Fraud In A Faster Payments Landscape

PYMNTS

NACHA recently released new figures on ACH network volume, revealing earlier this week that Same-Day ACH volume grew 46 percent between Q4 2017 and Q4 2018, surpassing 50 million transactions for the first time. Accelerated payments are taking off in several markets around the world, and NACHA’s latest figures demonstrate U.S.

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The Millions And Billions And Trillions Of Same Day ACH

PYMNTS

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. This is a new stat, said Estep, who noted the number was uncovered as part of a new survey conducted by NACHA.

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Professional Development and the Payments Association Role

Center for Payments

The Payments Associations across the country have played a very important role from the beginning, from participating on Nacha’s Blue Ribbon Panels that developed each accreditation program and that keep them up to date, to providing ongoing exam preparation and continuing education. There are currently more than 4,500 AAPs nationwide!

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Payments Acceleration Shifts The Risks For Buyers And Suppliers

PYMNTS

More recently, the Association for Financial Professionals’ (AFP) 2017 Risk Survey found nearly half of businesses say their exposure to uncertainty is higher than it was three years ago, and 51 percent say forecasting risks will be more difficult three years from now than it is today. In the U.S.,

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Analysts Press For Corporate Payers, Banks And FinTechs To Collaborate

PYMNTS

Globalization brings new opportunities for businesses but gives rise to new complexities, including cross-border payments, compliance, risk mitigation and accounting. Two-thirds said they operate in more than one country, and a third said they have a presence in more than 20 countries.

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Faster Payments Make Inroads In Corporate Treasury

PYMNTS

NACHA found B2B payments made up 6 percent of the nearly 2 million same-day ACH transactions that occurred in the first 11 days the service went live. With companies paying suppliers on strategic schedules, real-time transactions aren’t always necessary — or beneficial — for the B2B payments space. In the U.S.,