PYMNTS

SEPTEMBER 23, 2016

More than 40 years after its debut, the Automated Clearing House Network becomes the first payments system in the country to offer ubiquitous faster payments to every consumer and business in the U.S. is now capable of receiving and enabling this same-day capability. via all banks and credit unions. Today (Sept. Today (Sept.

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PYMNTS

NOVEMBER 21, 2019

ACI Worldwide is connected to Zelle and The Clearing House (TCH), the latter of which offers Same-Day ACH services. ACI Worldwide noted it already has a strong foothold in the real-time payments space, with integrations with 18 real-time domestic payment networks around the globe. In the U.S.,

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PYMNTS

SEPTEMBER 26, 2016

Same Day ACH is now a reality and, with much fanfare, represents the first ubiquitous faster payments initiative in the United States without an attendant regulatory mandate. The tradeoff, as Saks termed it, is “what is fast enough versus what is ubiquitous?”. that adoption begs a much broader set of questions.

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PYMNTS

DECEMBER 8, 2016

Less than two months after its implementation, Same Day ACH, the ubiquitous faster payments initiative for the payments industry in the United States, is showing a significant impact on the market, but it still has plenty to learn from those across the pond. still has faster payment lessons to learn. About The Tracker .

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PYMNTS

MARCH 18, 2019

First, there was the Fed’s decision to slow faster payments progress via Same Day ACH because it wasn’t ready to approve another processing window during the day. The regulator notified NACHA that they need more time to evaluate required changes to their system before giving it the green light. 13, 2018.

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PYMNTS

JANUARY 21, 2019

where almost everyone is now banked) and made the case for why the Fed was positioned as the best player to operate a ubiquitous, interoperable real-time payments network – even though the Fed doesn’t have a great track record at payments innovation ( #killthecheck ). NACHA was able to get all 13,000 banks in the U.S.

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PYMNTS

MAY 4, 2016

In this month’s Faster Payments Tracker™ , powered by NACHA, payment providers, in efforts to keep up with modern behavior, are looking for new ways to streamline and quicken financial processing. Companies said they were also interested in how ACH might impact expedited bill pay, person-to person functionality, and payment options.

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PYMNTS

FEBRUARY 4, 2019

is still scrambling to catch up, however, and major financial players are hoping it can achieve its own ubiquitous real-time payments system by next year. Consumers may find it easy to pull out cards, but this system doesn’t work as well for retailers, who must wait one to three days for those payments to process. . Faster Rails.

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PYMNTS

AUGUST 12, 2019

Same-Day ACH , launched in September of 2017, makes emergency payroll possible — not instantly, but within the same business day. Banks also know that unless such a network is ubiquitous, it’s not worth much. Slowing Innovation.

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PYMNTS

JUNE 29, 2018

. “But the issue with ACH is the separation of remittance claim data from the actual ACH payment. This remains a hurdle, probably, to why [ACH] is not ubiquitous.” In B2B, the demand for remittance data means ACH adoption can be stunted, let alone adoption of Same Day ACH.

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PYMNTS

OCTOBER 8, 2018

ACH rails now settle same-day, three times a day. NACHA is examining additional windows for weekends and has increased the limits for how much money can be sent over those same-day ACH rails. who today already have access to an ubiquitous faster payments scheme called same-day ACH.

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PYMNTS

FEBRUARY 20, 2018

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., The Committee on Payments and Market Infrastructures (CPMI) published a new report this month calling for cross-border payments to accelerate.

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PYMNTS

SEPTEMBER 23, 2016

Same Day ACH Is Here. It’s been a long road to ubiquitous, faster payments in the U.S. But in less than 18 months after NACHA members approved Same-Day ACH functionality for all of the banks in the U.S., Phase 1 — credits — is now live in every single financial institution.

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PYMNTS

JULY 24, 2017

Between 1866 and 1910, Western Union fought bitterly with the federal government over who should own and operate this network now that it was up and running and ubiquitous. Ubiquitous means all, or certainly almost all, of the 13,000-plus FIs that exist here in the U.S. The year was 1837. The invention was the telegraph.

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PYMNTS

SEPTEMBER 30, 2016

NACHA just launched Same Day ACH – the only faster ubiquitous payments play in the U.S. Early Warning aka Zelle is adding more banks and doing deals with the networks. Speaking of the networks, there’s Mastercard and Vocalink, not to mention Visa Direct and its work with PayPal, Fiserv and Square.

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PYMNTS

MAY 5, 2016

We clearly understand and recognize that, for this to work, it’s got to be ubiquitous like an ACH or check is,” Waterhouse said. The ultimate goal, Waterhouse said, is ubiquity – namely, to make real-time payments mainstream. “We But it’s also got to bring value that’s way beyond just delivering money quickly.

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