Faster Payments Council

JANUARY 20, 2020

While that's a healthy number, it demonstrates we still have work to do to reach the goal of ubiquitous adoption that is our target here at the Faster Payments Council. It's a primary reason we partnered with Nacha's Payments Innovation Alliance (PIA) to launch the Faster Payments Playbook.

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PYMNTS

APRIL 6, 2016

As reported by NACHA, the electronic payments association, the readiness was disclosed in a survey that had been conducted by the association, with the two strongest use cases identified across same day ACH. Estep, who serves as president and chief executive officer of NACHA, said in a statement.

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PYMNTS

SEPTEMBER 21, 2016

In just a matter of days, the payments industry will see a significant — and ubiquitous — change in the way payments are sent and received. “One of NACHA’s core competencies is really helping diverse parties come together for payment-related standards and rules. What’s Under The Faster Payments Umbrella?

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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

MARCH 18, 2019

Last week, NACHA issued an ACH operations bulletin announcing the delay of the rollout of a third Same Day ACH (SDA) processing window by six months, to March 19, 2021. The regulator notified NACHA that they need more time to evaluate required changes to their system before giving it the green light. A Couple of Important Dots.

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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. In October alone, the ACH Network processed nearly $5 billion in 3.8

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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

AUGUST 3, 2016

For the August edition of the PYMNTS.com Faster Payments Tracker™, powered by NACHA, PYMNTS interviewed Steve Kenneally, Vice President of the American Bankers Association, to get his take on this important step forward for banks, FinTech players, businesses and customers. Starting on this date, all financial institutions in the U.S.

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PYMNTS

MAY 20, 2019

Jane Larimer from Nacha, Matt Friend from Visa, Andrea Gilman from Mastercard and Kevin Christensen from SHAZAM, among many others. Our job is to convene industry stakeholders to chart a path to ubiquitous faster payments, and these newly elected leaders will be instrumental in achieving that vision.

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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. The April edition of the Faster Payments Tracker ™ , powered by NACHA, also features the latest news and analysis from around the industry.

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Faster Payments Council

MAY 7, 2020

Add in today's COVID-19 environment and post-pandemic expectations of continued growth in digital and contactless payments, and the time is right to lean into this technology to advance our mission of making ubiquitous, easy-to-use faster payments a reality for the U.S.

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PYMNTS

JUNE 6, 2017

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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PYMNTS

DECEMBER 8, 2017

The report laid out strategies for fostering a ubiquitous, secure, faster payments ecosystem by 2020. A press release announcing the creation of the Formation Team included a deadline to achieve what it refers to as “ubiquitous faster payments capabilities in the U.S. Path to Faster Payments: A Call to Action.” About the Tracker .

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PYMNTS

AUGUST 4, 2016

It was then that NACHA proposed the shift to settling three times a day, ve days per week, to give consumers and businesses access to more efficient transactions. So I think it’ll be interesting to see how quick consumer and commercial customer adoption is, and see if it meets NACHA’s predictions.”. About The Tracker.

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Same Day ACH ACH NACHA Faster Payments 41

PYMNTS

SEPTEMBER 7, 2017

“Through the strategies and tactics outlined in this next steps plan, the Federal Reserve will support continued industry momentum toward safe, ubiquitous, faster payments for our country.”. According to the Fed, payments must not only be faster, they must also be safe and ubiquitous.

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PYMNTS

AUGUST 12, 2019

Existing infrastructure that enables these innovations is cheap, secure and efficient – and ubiquitous for innovators who want to launch those products as well as the corporates that want to use them. Banks also know that unless such a network is ubiquitous, it’s not worth much.

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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

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., In addition, innovators the world over are exploring how technologies like blockchain could address payments speeds and efficiency on an international level.

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PYMNTS

APRIL 14, 2017

From an ACH networks standpoint, noted Estep, innovation may be “skinny,” but operations are ubiquitous, connecting all the bank accounts in the United States. Against that backdrop, “innovation means many different things to different players.”. This allows for innovation to be done on top of the ACH rails. “To

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PYMNTS

OCTOBER 8, 2018

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. The rules of the existing rails have been modernized too.

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PYMNTS

SEPTEMBER 23, 2016

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., It’s also a pick-up for Lyft, which can now compete with Uber, which launched its own Instant Pay service with Go Bank earlier this year.

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PYMNTS

JUNE 29, 2018

This remains a hurdle, probably, to why [ACH] is not ubiquitous.” As VPay continues that effort, the company recently announced it received certification from NACHA as a third-party sender, a significant vote of confidence for the ACH rail in insurance B2B payments. “That’s the difficult part.”

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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.

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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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