PYMNTS

AUGUST 15, 2019

Achieving widescale implementation also means getting FI technology providers — such as IBM, Fiserv and FIS — to also use ISO 20022, George Throckmorton, managing director at NACHA – The Electronic Payments Association, said in a recent PYMNTS interview.

ISO 20022 58

ISO 20022 ISOs Interoperability Message Standards 58

PYMNTS

JANUARY 9, 2019

While financial services (FinServ) innovations often emerge with built-in security measures, new market trends — including faster payments and open banking — are introducing new security threats to corporate treasury departments, according to cybersecurity company BioCatch. In the case of Same Day ACH in the U.S.,

Faster Payments 56

Faster Payments Business Email Compromise Treasury Real Time Payments 56

PYMNTS

JUNE 20, 2016

Speaking at the AFP’s Treasury Advisory Group meeting, Minneapolis Fed Senior Vice President Claudia Swendseid highlighted some challenges in getting ISO 20022 to really gain traction. Reports said NACHA has created a working group to explore the decision, however.

ISO 20022 40

ISO 20022 ISOs Fed AFP 40

PYMNTS

SEPTEMBER 4, 2018

One of the areas ready for real-time disruption is foreign exchange (FX) management, which is “the road to real-time treasury,” according to the report. But FX management isn’t the only area of corporate treasury seeing positive disruption from faster payments.

Faster Payments 40

Faster Payments Same Day ACH Real Time Payments Treasury 40

PYMNTS

OCTOBER 25, 2019

As it stands, many larger banks — and even mid-sized banks — tap into treasury management solutions for two reasons. And, on the lending side, to the extent that a bank is offering both a loan and treasury management services to a corporate, they have the entire relationship with that particular customer. billion per NACHA.

Lockbox 40

Lockbox Treasury Management Treasury Wire Transfer 40

PYMNTS

OCTOBER 21, 2019

PNC Treasury Management is rolling out a new solution designed to optimize corporate treasurers’ B2B payments. In a press release Friday (Oct. Options for payment methods will include real-time payment (RTP), same day ACH or next day ACH, with PNC planning to incorporate a wire transfer option in the first quarter of next year.

Faster Payments 40

Faster Payments Automation Same Day ACH RTP 40

PYMNTS

OCTOBER 31, 2017

For the receivers of those checks, there’s another major argument in favor of the clunky, manual and insecure payment rail, according to Deluxe Treasury Management Solutions Vice President Gary Cawthorne. A recent survey from NACHA found that AR executives know this shift is in the works.

Treasury Management 41

Treasury Management Treasury Remote Deposit Capture Disputes 41

PYMNTS

MAY 7, 2018

In its analysis of the Same-Day ACH rollout, NACHA found no evidence that it led to an increase in fraud attempts or successful breaches. And yet, according to recent data from Strategic Treasurer in its Treasury Fraud & Controls report , corporate treasurers appear too confident in their ability to protect their organizations.

Same Day ACH 47

Same Day ACH Fraud Detection ACH NACHA 47

PYMNTS

AUGUST 30, 2018

According to the latest figures from NACHA – The Electronic Payments Association, the ACH network moves $43 trillion in commerce annually. But payment rails need more than speed to win over clients, according to Manish Kohli, global head of payments for Treasury and Trade Solutions at Citi. In the U.S.,

Same Day ACH 40

Same Day ACH Cross-Border ACH SWIFT 40

PYMNTS

JANUARY 23, 2018

Superior Press , a treasury management solution provider for commercial banks, is acting on that need. NACHA analysis found accounts receivables professionals predict ACH will surpass checks in the next few years. The expansion of ACH across the U.S.,

Remote Deposit Capture 43

Remote Deposit Capture Checks Same Day ACH ACH 43

PYMNTS

JUNE 8, 2016

The bank published the results of a survey conducted at the NACHA payments conference held last month and found that 88 percent of the 283 attendees surveyed by the firm expect payment fraud to rise in the near future as payments go digital and speed up. New research from TD Bank offers some data to back up this pattern.

Faster Payments 40

Faster Payments Real Time Payments NACHA Payments 40

PYMNTS

AUGUST 3, 2016

In 2014, NACHA revealed that it initiated collaborations with health care companies to help the industry adopt ACH payments. Reports pointed to buyer-initiated payment (BIP) programs as an increasingly popular way hospitals are looking to digitize their AP processes and support electronic bank transfers.

Checks 40

Checks B2B NACHA Treasury Management 40

PYMNTS

MARCH 5, 2018

NACHA told PYMNTS’ Karen Webster that a survey found 0 percent of financial institutions reported an increase in fraud due to Same Day ACH. Wieser said SEPA has not only streamlined B2B transactions across the continent, but has also made them faster, which has actually benefited supply chains and corporates’ cash management strategies.

Risk 42

Risk Cross-Border Non-Bank B2B 42

PYMNTS

JUNE 29, 2018

. “We want to offer our customers the widest solution, soup to nuts — that means creation of the remittance data, creation of the payment, reconciliation of the payment, treasury management services, the entire spectrum,” he noted, adding that virtual cards can address all of these needs for insurance firms.

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

Stax

JUNE 27, 2024

From $0-$15 for internal wire transfers and up to $35-$50 for external international wire transfer Security measures More secure since every ACH transfer goes through a clearinghouse network governed by NACHA More prone to scams and fraud.

Wire Transfer 88

Wire Transfer Wire Wires ACH 88

Stax

JULY 9, 2024

Key regulations governing EFT payments include the National Automated Clearing House Association (NACHA) rules, which establish guidelines for ACH transfers, and the Payment Card Industry Data Security Standard (PCI DSS), which sets security standards for handling card information.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88