Same-Day ACH Puts a Nail in 'Manual' Fraud Prevention
Payments Source
SEPTEMBER 20, 2016
The tighter processing deadlines of same-day ACH mean that conventional fraud prevention measures will no longer be adequate or effective.
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Payments Source
SEPTEMBER 20, 2016
The tighter processing deadlines of same-day ACH mean that conventional fraud prevention measures will no longer be adequate or effective.
PYMNTS
SEPTEMBER 17, 2018
NACHA — The Electronic Payments Association — announced that its membership has approved three new rules that will expand Same-Day ACH for all financial institutions and their customers. Funds from Same-Day ACH credits processed in the existing first window will be made available by 1:30 p.m.
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PYMNTS
OCTOBER 10, 2016
NACHA’s launch of Same Day ACH ushered in three settlement windows, enabling ACH payments to be received same day. The Road To Process Improvement. As Throckmorton pointed out, it’s not about moving money but more about making processes better, more standard and more secure.
PYMNTS
MARCH 13, 2019
NACHA, national administrator of the ACH network, said a third processing window for same-day transactions will be postponed for six months until the Federal Reserve Board of Governors (Fed Board) approves the initiative. In the latest example, PayPal Holdings Inc. and The Clearing House as partners.”.
PYMNTS
SEPTEMBER 15, 2017
In a recent interview with PYMNTS’ Karen Webster, Jane Larimer, chief operating officer at NACHA, said the financial services industry has done much preparation in terms of enhancing systems and processing, in tandem with significant testing, after a smooth Phase 1 of Same Day ACH debuted last September.
Payments Source
MARCH 13, 2019
After more than two years of successful operation in delivering Same-Day ACH payments, Nacha's request to add a third processing window has been denied by the Federal Reserve, which says it has to obtain public comment on the concept.
Payments Source
OCTOBER 20, 2016
The fact that the number of cybersecurity incidents affecting companies is rising at an alarming rate year over year hardly raises eyebrows anymore.
PYMNTS
AUGUST 31, 2017
September will be a big month for NACHA’s Same-Day ACH initiative. 15, NACHA will roll out phase two of its Same-Day ACH Rule, and small businesses stand to gain significantly from the effort, according to reports at Nav.com. It incorporates more payment scenarios into the Same-Day ACH initiative.
PYMNTS
SEPTEMBER 7, 2017
Hollywood metaphor (almost) aside, there’s another industry near and dear to the Faster Payments Tracker ’s heart, and it’s also producing sequels these days. payment system has embarked on the financial equivalent of a film trilogy with its Same Day ACH initiative, an initiative which will bring big changes to the ACH Network.
PYMNTS
FEBRUARY 7, 2017
NACHA wants to quell any anxieties about the rollout of Same Day ACH, and the latest data from the payments group should breathe new confidence in banks that have adopted the technology. The association released the latest data on the rollout of Same Day ACH thus far with a new report today (Feb.
PYMNTS
SEPTEMBER 15, 2017
In an interview with PYMNTS’ Karen Webster, Jane Larimer , chief operating officer at NACHA , said that the implementation of Phase 1 of Same Day ACH has gone smoothly, with a live debut last September. We’re seeing robust use of same-day ACH credits,” said Larimer. We are excited for this to go live.”.
Payments Source
JUNE 27, 2017
Particularly at risk are service providers with high volumes of automated or customer-initiated debit payments, such as cell phone service providers, utilities, cable companies, insurance, and retailers.
PYMNTS
MAY 3, 2016
A survey published by financial security software firm NICE Actimize found that a whopping 93 percent of banks anticipate new fraud threats resulting from Same Day ACH. Same Day ACH is slated to see its first rollouts among U.S. We haven’t seen the first rollouts [of Same Day ACH] yet.
PYMNTS
JANUARY 25, 2017
The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, just released findings from the Same Day ACH transaction volume data for Sept. Same Day ACH is an industry initiative toward faster payments. Direct Deposit comprised 52 percent of Same Day ACH volume, or 6.8
PYMNTS
AUGUST 24, 2017
There’s much to look forward to as the September rollout of Phase 2 of Same Day ACH (Debit Pull) looms, but David Barnhardt, executive vice president of full-service payment and verification solutions provider GIACT , thinks there’s just as much reason for caution. “I Don’t Be Used by Use Cases.
PYMNTS
SEPTEMBER 9, 2016
With the Same Day ACH rollout coming in just two weeks and other faster payments initiatives taking off, financial institutions are taking significant steps to ensure the transition to a faster processing environment, including improving their payment security platforms to keep fraudsters at bay. How Fraudsters Attack.
PYMNTS
APRIL 17, 2017
With the implementation of Same Day ACH, we have added to the robust capabilities of the Network, now enabling not only next-day payment capabilities, but same-day capabilities as well. Same-day direct deposits accounted for more than half of that Same Day ACH volume, with B2B payments making up a third.
PYMNTS
AUGUST 4, 2016
Phase One of Same Day ACH will officially launch in the U.S. 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. That’s kind of the neat thing about Same Day ACH.
FICO
MARCH 27, 2017
Today could be that day. Are banks truly ready for same-day ACH? Between the Same Day ACH initiative launch on September 23, 2016 and December 31, 2016, there were more than 13 million same-day ACH transactions. ACH is a different animal. How to fight back.
Trade Credit & Liquidity Management
JUNE 12, 2025
This innovation addresses a longstanding imbalance in money movement: while outbound payments have become nearly instantaneous, incoming payments have typically relied on slower methods like ACH and wire transfers, which are limited by batch processing and banking hours.
Payments Source
JANUARY 25, 2017
Direct deposit transactions accounted for 52% of all transactions processed through the speedier system.
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. Same Day ACH will create a new option for faster payments for all the banks and credit unions across the U.S. Both are about moving payments faster than they are today.”.
The Fintech Times
MAY 3, 2025
This ensures businesses and consumers benefit from faster processing times so consumers receive their money when and where they need it. Cross River and Aion have previously partnered to enable instant payments domestically via RTP and FedNow, as well as traditional methods such as ACH, same-day ACH and Wires.
PYMNTS
JANUARY 28, 2020
Real-time payments offer our clients the payment processing speed to meet their business needs in a rapidly changing digital commerce environment,” MUFG Head of Global Transaction Banking and Transaction Banking Americas and Bay Area President Ranjana Clark said in a statement. In a press release last week, NACHA said 6.4 million payments.
Stax
MARCH 27, 2025
Automated Clearing House (ACH) is one type of EFT that processes payments in batches through the ACH Network. EFT and ACH offer more security and convenience than cash and checks, but they also come with limitations. For businesses, a fast and seamless payment process means happy customersand the statistics show it.
The Fintech Times
JUNE 10, 2025
Through our partnership with Cross River, Plaid Transfer now offers instant pay-ins, instant payouts and Same Day ACH, as part of a full solution with best-in-class account linking and optimised conversion, so customers can tailor bank payments across their business.”
PYMNTS
FEBRUARY 11, 2020
The latest data from Nacha found a new record-high growth rate for adoption of ACH payments , with B2B payments showcasing a surge in adoption of the legacy payment rail that has recently turned to technologies that can augment the service, from the movement of transaction data with an ACH payment to the deployment of Same Day ACH.
PYMNTS
JULY 6, 2017
With the speed of payments accelerating and Same Day ACH initiatives continuing to roll out, NACHA has pulled together a group of industry experts to explore API standardization as a way to facilitate faster payment speeds and greater transaction security, among other use cases.
Fintech Finance
JUNE 9, 2025
However, while outbound payments have become instant, inbound funding has lagged — dependent on ACH and wire transfers that operate on batch processing and limited banking hours.
PYMNTS
OCTOBER 4, 2020
Nonprofit Nacha , which enables Automated Clearing House ( ACH ) payments, has adopted eight new amendments to the Nacha Operating Rules that a press release said will help to modernize the payment style. The amendments concern Same Day ACH and new ways of making ACH payments easier to use, the release stated.
PYMNTS
APRIL 11, 2018
New data shows that the ACH Network processed 21.5 It is the third year in a row in which the number of new ACH transactions increased by more than one billion. The continued robust growth comes as no surprise as the ACH Network continues to evolve to meet the needs of financial institutions, businesses and consumers.”.
Payment Savvy
MAY 16, 2023
Unlike traditional ACH transfers, which can take several days to process, instant ACH transfers significantly reduce the waiting time, making funds available to recipients within minutes. When users initiate an instant ACH transfer, their financial institution sends the transaction details to a payment processor.
Payments Source
OCTOBER 12, 2017
Same-day ACH debits rolled out last month, a year after same-day credits, cutting processing time for these payments from a couple of days to a few hours — but for many emerging use cases, that’s not fast enough. And debit is filling the void.
PYMNTS
NOVEMBER 3, 2016
And these hurricane victims need payouts to happen quickly and easily, because any processing delays have the potential to pose additional problems as the victims attempt to get their lives back on track. In the interview, Hauff discussed how insurance companies are trying to expedite the payments process using aging technology platforms.
Payments Source
SEPTEMBER 15, 2017
A year after launching the same-day Automated Clearing House process for credit payments, Nacha says same-day ACH for debit payments began Friday.
PYMNTS
MAY 1, 2019
Payments processing and financial message integration company Volante Technologies is expanding its Payments-as-a-Service offering for financial institutions in the U.S. ACH, Same Day ACH, Zelle, RCH RTP clearing and settlement, and SWIFT cross-border payments are all supported under the solution.
PYMNTS
MAY 10, 2019
13, 2018, NACHA , the rules and standards body for the ACH network, announced that its voting members had approved amendments to the NACHA Operating Rules & Guidelines to establish a third Same Day ACH processing and settlement window,” the Federal Reserve wrote in the announcement. . “On Sept.
PYMNTS
DECEMBER 31, 2019
Such legacy payment methods are usually tied to paper-based invoices and manual tracking and reconciliation procedures, which impede payments from being processed in a timely manner. Manual processes can be particularly problematic for such businesses because these firms can generate thousands of payments every day.
PYMNTS
APRIL 22, 2020
As more FinTech solutions introduce the concept of early access to future or earned wages, employers can struggle to adjust their back-office administrative processes to accommodate their employee needs. One of the biggest barriers to payroll innovation in recent decades has been the process’s reliance on ACH.
PYMNTS
NOVEMBER 16, 2016
Their partnership will allow financial institutions to offer real-time and same-day ACH payments as a white-labeled solution, reports said. Announced in September, the features enable a simpler way to add ACH and remote deposit capture for card merchants, the company said at the time. The company said Tuesday (Nov.
PYMNTS
SEPTEMBER 26, 2016
Corcentric is one company that focuses on streamlining those business processes, but today, the company is announcing partnerships that integrate support of ePayments into its systems. “It’s key when it comes to the payment process.” The data makes that glaringly clear.
PYMNTS
JANUARY 8, 2021
For example, that might mean having a process in place so that funds are appropriately applied or available when money comes in during off-hours or on the weekend, she said, and really thinking through the process from an accounting, liquidity and treasury management perspective. RTP Outlook.
PYMNTS
NOVEMBER 21, 2016
Same Day ACH payments are gaining traction right out of the gate, with nearly $5 billion and 3.8 The ACH news “definitely has an impact for our business,” said Youakim of the same-day rollout. So, this Same Day ACH is going to improve ACH [as a process] dramatically.
Finextra
JUNE 9, 2025
With the Federal Reserve proposing to make its service available 22 hours a day, seven days a week, Nacha is also considering adding a fourth processing cycle for same-day ACH. Successfully monetizing payments data, however, demands the ability to natively process new ISO 20022 format messages.
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