article thumbnail

The Millions And Billions And Trillions Of Same Day ACH

PYMNTS

NACHA, with its Same Day ACH offering, is leading the charge for faster payments in the U.S., This is the number of Same Day ACH transactions that flowed over the ACH network since launch in September of 2016. How fast is fast enough? And how fast will people get used to fast — as in faster payments?

article thumbnail

Will Same Day ACH Rollout Spark A Fraud Spike?

PYMNTS

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. Impact On Same Day ACH Rollout.

article thumbnail

Fighting Fraud In A Faster Payments Landscape

PYMNTS

NACHA recently released new figures on ACH network volume, revealing earlier this week that Same-Day ACH volume grew 46 percent between Q4 2017 and Q4 2018, surpassing 50 million transactions for the first time. demand for faster payment capabilities, too. “As the U.S. “It’s chaos,” he said.

article thumbnail

A B2B Payments Magic Trick: Making AR Disappear

PYMNTS

Even those faster and same-day payment initiatives — like Same Day ACH — won’t be too helpful for suppliers looking to see their bills settled more quickly. There’s even the risk that suppliers can’t ultimately deliver what they’ve charged for, even though they’ve already been paid.

B2B 71
article thumbnail

Payments Acceleration Shifts The Risks For Buyers And Suppliers

PYMNTS

More recently, the Association for Financial Professionals’ (AFP) 2017 Risk Survey found nearly half of businesses say their exposure to uncertainty is higher than it was three years ago, and 51 percent say forecasting risks will be more difficult three years from now than it is today. In the U.S.,

Risk 42
article thumbnail

Faster Payments Make Inroads In Corporate Treasury

PYMNTS

NACHA found B2B payments made up 6 percent of the nearly 2 million same-day ACH transactions that occurred in the first 11 days the service went live. With companies paying suppliers on strategic schedules, real-time transactions aren’t always necessary — or beneficial — for the B2B payments space. In the U.S.,

article thumbnail

Weighing Faster Payments Opportunity And Risk For Corporates

PYMNTS

According to the latest PYMNTS Faster Payments Tracker , Same Day ACH volume has seen a 24 percent increase year over year between the first quarter of 2018 and the first quarter of 2019. New faster payment initiatives are popping up around the world, from Saudi Arabia to Brazil to Australia. In the U.S.,