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Why the U.S. has reached a real-time tipping point

Finextra

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. The use of real-time and near real-time payment rails is also expanding.

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100+ Payment Industry Terms Explained in Plain English

Clearly Payments

Reconciliation Matching your deposits to your sales. ACH (Automated Clearing House) The U.S. Same Day ACH A faster version of ACH that settles payments the same business day. NACHA The organization that governs the ACH network in the U.S. Chargeback Report A summary of disputes.

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Same Day ACH An Opportunity For Suppliers, Analysts Say

PYMNTS

Receivable Savvy, an accounts receivable and order-to-cash management firm, wants suppliers to see Same Day ACH as an opportunity to bolster cash flow. The company, which provides education and resources for suppliers, recently released a new eBook to guide vendors on how to take advantage of Same Day ACH technology.

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With Same-Day ACH, You’d Better Have Same-Day Fraud Detection

PYMNTS

With Same-Day ACH now a reality in the U.S., 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. But Peace noted that tools like those offered by ACH Alert are just part of the fraud detection puzzle.

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New Year’s Resolution: The Clearing House Urges Banks To Become 24/7 Operations

PYMNTS

To facilitate this transition in handling 24/7 cash flow, Whisler said TCH offers services such as intraday reconciliation. As far as fees are concerned, she explained that existing competition from other providers, card networks and same-day ACH will likely keep fees in line. “To RTP Outlook.

RTP 139
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What New Payment Rails Miss About Solving B2B’s Remittance Challenge

PYMNTS

One of the biggest points of friction in B2B payments for both buyers and suppliers is capturing information about a transaction, and feeding that data into back-end systems for automated accounting and reconciliation. What New Payment Rails Are Missing. The problem you have is there’s no standard,” he said.

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Easing B2B Payments’ Migration To Real-Time Settlement

PYMNTS

Recently-launched capabilities like Same Day ACH have unlocked opportunity to wield modern technology and build new solutions on top of existing payment rails in favor of speed and transaction transparency, but there’s another strategy to payments innovation that continues to gain traction.