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

SEPTEMBER 2, 2016

Not only are Same Day ACH payments on the way, but they are expected to have huge impacts on the way payments are made throughout the payments landscape. As we learned in last week’s installment of the Countdown to Same Day ACH podcast series, the first phase of the Same Day ACH initiative launches on Sept.

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Faster Payments Same Day ACH ACH ACH Network 42

PYMNTS

FEBRUARY 11, 2019

may be perceived as being a bit behind the demand of consumers. NACHA and Same Day ACH debuted EXACT DATE to enable same-day settlements through three settlement windows, and are currently exploring options to extend that availability on weekends and holidays. Use cases are evolving.

Faster Payments 78

Faster Payments Real Time Payments Same Day ACH Payments 78

PYMNTS

MARCH 9, 2020

Consumers and businesses do not want to use new payment networks unless they believe others are already using them, creating a chicken-and-egg problem. Payers have to know that payees will accept certain payment methods before making purchases, and payees do not want to invest until they know payment instruments are in demand.

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RTP TCH ISO 20022 Real Time Payments 81

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. Take two announcements from just last week, related to the evolution of faster payments in the U.S. Then came PayPal’s debut of Instant Transfer to Bank.

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Faster Payments Fed RTP Same Day ACH 80

PYMNTS

DECEMBER 13, 2017

In an age where faster is a hallmark of, well, everything, it follows that the same should be true of payments. Said Herd, additional findings reveal that there are some institutions that would like to offer Same Day ACH to their customers, but the processors or vendors that they rely on haven’t enabled it yet.

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Same Day ACH ACH NACHA Payroll 40

Payment Savvy

MAY 16, 2023

The backbone of these developments is none other than America’s Automated Clearing House (ACH) which facilitates seamless electronic transactions between banks and financial institutions within its network. Instant ACH transfers have gained prominence as they cater to the increasing demand for expedited financial transactions.

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ACH Same Day ACH Direct Deposit Consumer Financial Protection Bureau (CFPB) 94

PYMNTS

FEBRUARY 6, 2018

From employers who use the service for direct-deposit payments to landlords and utility companies that use it to collect rent or monthly bills, same-day ACH has been gaining in popularity and putting a variety of payment types in the fast lane. local time on the day a transfer is initiated, goes live in March.

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Same Day ACH Faster Payments ACH NACHA 43

PYMNTS

JANUARY 21, 2019

That was the day that an advocacy group, Financial Innovation Now (FIN), submitted a public comment letter to the Fed in response to its proposal to create and operate a real-time payments system in the U.S. Oddly, the push for faster payments also comes at the same time when payments in the U.S. It flew in on Dec.

Faster Payments 77

Faster Payments Same Day ACH Fed Real Time Payments 77

PYMNTS

DECEMBER 12, 2017

Federal Reserve made its own progress in exploring how the nation’s regulatory environment can support faster payments progress while maintaining security, while NACHA offered up some new data on same-day ACH volume growth in the country. billion in funds transferred using Same Day ACH, an average of $650 per transaction.

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Faster Payments Same Day ACH B2B Zelle 48

PYMNTS

AUGUST 12, 2019

That’s the talk track now from the Fed , which a week ago today announced its plans to build and operate a new set of real-time rails, using accelerated access to employer paychecks as its launch use case. Ironically, perhaps, the ACH network’s first direct deposit use case was the U.S.

Real Time Payments 78

Real Time Payments FedNow TCH Fed 78

PYMNTS

OCTOBER 2, 2019

Some of them have been mandated by governments, readying for anticipated demand. The increased use and adoption of P2P technologies, like Zelle and Venmo, demonstrates the consumer demand for this type of frictionless payment option. Along with demand for faster payments , the information conveyed in them has significant value.

C2B 81

C2B Faster Payments Real Time Payments Lockbox 81

PYMNTS

OCTOBER 30, 2020

The demand for faster payments is ringing louder than ever during the economic downturn. Corporate buyers that pay vendors, meanwhile, might seek to satisfy these business partners by delivering money via same-day ACH or over the RTP network. Is getting those funds same day important to them?

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Faster Payments Payments Tools RTP Same Day ACH 59

PYMNTS

DECEMBER 5, 2017

Direct deposits, push payments, eWallets, same-day ACH transfers, PayPal, Zelle and myriad other platforms and tools are now second nature. Supply and Demand. The ability to keep up with consumer demand is the crux of any capitalist enterprise. The use cases for digital payments are also evolving.

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Consumer Same Day ACH C2B B2C 56

PYMNTS

JUNE 29, 2018

” The acceleration of ACH payments — namely, the implementation of Same Day ACH — has its place in the insurance market, he added, particularly when it comes to B2C use-cases, like workers’ compensation and claims payouts. “We see really high adoption of virtual cards.”

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

PYMNTS

DECEMBER 4, 2019

Not only does that figure represent the growing demand among businesses for faster, more agile and more transparent ways to move funds across borders, it also reflects the financial services industry’s willingness to embrace something other than legacy payment networks to facilitate that demand. HSBC Loops Into RTP.

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B2B RTP Cross-Border FPC 52

PYMNTS

OCTOBER 29, 2020

Firms are also looking at options like same-day ACH and The Clearing House 's RTP network as they explore how to speed up B2B transactions. Businesses also demand quicker payments from their corporate clients. Same-day ACH may appeal to some companies, while the RTP network suits others, for example.

Faster Payments 43

Faster Payments Same Day ACH Real Time Payments Payroll 43

PYMNTS

DECEMBER 22, 2016

We posed the same question to each executive: If you had to answer the question, Payments was the year of …, how would you answer, and how does your answer change your world — and the world of payments, more broadly? Suppose I’m an on-demand software developer and need to wait two weeks for my earnings to come through.

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Same Day ACH Payments On-Demand Economy 49

PYMNTS

OCTOBER 8, 2018

Those payments are made largely over rails that have been in place for decades: the bank, ACH and wire rails and via a payment method that has existed for centuries — the good, old-fashioned paper check. If our banks started talking about the creating the SpaceX of payments, most of us would immediately move our money to someplace boring.

B2B 76

B2B Same Day ACH Payments ACH 76

PYMNTS

NOVEMBER 13, 2019

The first step in achieving such traction is demand, he noted. That sparked a catalyst of demand and opportunity in the market, said Edwards, as more industries saw use cases for faster and real-time payment services. In the U.S., payers have already demonstrated their eagerness for faster payment options. Canada, etc.”

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Real Time Payments Faster Payments Federal Reserve RTP 51

PYMNTS

APRIL 26, 2016

Access to real-time data analytics can have the power to change the way these types of decisions are made, making it no surprise that businesses are seeking real-time decision-making capabilities for a variety of different use cases. She wondered how this might impact, if at all, Enova Decisions’ ACH product offering.

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ACH Same Day ACH Payments Use Case 44

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.

Cross-Border Payments 43

Cross-Border Payments Cross-Border International Payments Electronic Funds Transfer (EFT) 43

PYMNTS

MAY 26, 2016

” Another evolution that has surfaced in just the last decade or so, said Stewart, is the demand among small and medium-sized firms for value-added fraud prevention and security solutions. ” He said that the demand for payments security among SMEs first emerged in Europe and quickly crossed over to North America in recent years.

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B2B Same Day ACH ACH Faster Payments 40

PYMNTS

MAY 8, 2017

That means multiple transactions are settled at once — but real-time payments demands each transaction to be settled independently the moment it lands at the bank. “So Overall, Hay said real-time payments demand banks “change their way of thinking.”. Of course, real-time ACH payments and card payments are hardly birds of a feather.

Real Time Payments 46

Real Time Payments ISO 20022 TCH ACH 46

PYMNTS

MAY 22, 2018

This is without friction, and where consumers, borrowers and businesses receive funding 24/7, in the ways they want and on demand. Use cases, she said, have expanded beyond P2P and have grown to encompass disbursements, as noted above. In an interview with Karen Webster, Ingo Money CEO Drew Edwards and Visa ’s SVP, head of U.S.

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Push-to-Card Same Day ACH ACH Payments 40

PYMNTS

AUGUST 30, 2018

This demand for efficient payments has propelled the emergence of several payment rail networks, each designed to help facilitate and accelerate the delivery of funds, including those offered by the Automated Clearing House (ACH) network, Fedwire and The Clearing House. That’s where payment rails come in. While the U.S.

Cross-Border 40

Cross-Border Cross-Border Payments Same Day ACH SWIFT 40

PYMNTS

MAY 5, 2017

As they grow bolder with this demand, consumer requirements for speed, simplicity and choice in how they get paid could soon make push payments technology a corporate standard. Since a push payment is effectively a debit transaction in reverse and uses the same rails, Frew sees a much smaller adoption curve than some might think.

Checks 46

Checks Push-to-Card Debit Card Payments 46

PYMNTS

JULY 16, 2018

The Demands of On-Demand. We live in an on-demand world. And, in an on-demand world, there’s nothing worse than waiting. This waiting game for consumers and businesses has only fanned the flames of our on-demand world. Economists have long recognized this as the sunk cost fallacy. The Sinking Ship of Sunk Costs.

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On-Demand Settlement Consumer Real Time Payments 43

PYMNTS

SEPTEMBER 17, 2019

Their use of mobile devices fuels the expectation that what happens on the other side of a click or a swipe will be delivered in real time — or as close to it as possible. The concept is both incredibly simple and incredibly intuitive: Offer customers 24/7 access to good funds on demand, however and wherever they want them.

Instant Payments 70

Instant Payments FedNow Push-to-Card Payments 70

PYMNTS

DECEMBER 31, 2020

Key Data Points: 46 percent of SMBs experienced an increase in demand for their products or services. 35 percent of retail businesses have experienced an increase in demand. Accelerating The Real-Time Payments Demand Curve: What Banks Need To Know About What Consumers Want And Need. 31 percent bank via app.

Innovation 111

Innovation Online and Mobile Banking Real Time Payments Cross-Border 111

PYMNTS

SEPTEMBER 7, 2017

PYMNTS: What does a day in the life of a VP at Guardian Analytics look like? PYMNTS: What does a day in the life of a VP at Guardian Analytics look like? This approach vaccinated us against any new strategy or tactic that might be used by fraudsters and put us one step ahead in the game.

Same Day ACH 46

Same Day ACH Fraud Detection Innovation Fraud Prevention 46

PYMNTS

MARCH 7, 2016

Store shelves would detect shoppers’ movements and dynamically change pricing based on demand and inventory on hand. Unless you are a millennial, in which case you can check it out on Wikipedia on your mobile.). Their only problem was that no one wanted to use them anymore. Other than that, it sounds like a great strategy.

Online and Mobile Banking 46

Online and Mobile Banking Payments Same Day ACH Financial Inclusion 46