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Forty Is The New Faster (Payments)

PYMNTS

“When you think about the ACH Network today, it’s important to recognize that almost 60 percent of the existing ACH Network is debit-pull transactions, and it’s certainly something that most people say ‘should move faster,’” said Jan Estep, NACHA president and CEO. 15 next year, and of course, that is less than a year away.”.

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The Challenges And Benefits Of ISO 20022 Migration

PYMNTS

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.

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Why The Time Is Right For Banks To Tap Into Integrated Receivables

PYMNTS

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. percent to $3.6

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PNC Automates Faster Payments Choice For Corporate Treasurers

PYMNTS

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.

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Suppliers Faced With New Friction As More Invoices Get Paid Electronically

PYMNTS

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.

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Faster Payments, Open Banking Should Keep Treasurers On High Alert

PYMNTS

NACHA found that, in the first 11 days that the service went live in 2017, only 6 percent of the 2 million transactions made were B2B transactions. A recent survey from treasury management solutions provider Centtrip found that three-quarters of U.K. Furthermore, so far, corporate adoption of faster payment tools is limited.

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Don’t Write Off The Paper Check Just Yet

PYMNTS

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.,