PYMNTS

NOVEMBER 21, 2019

ACI Worldwide is connected to Zelle and The Clearing House (TCH), the latter of which offers Same-Day ACH services. ACI Worldwide said it will now support the Federal Reserve’s upcoming FedNow service. In the U.S., ” “ACI’s commitment to the advancement of faster payments in the U.S.

Faster Payments 99

Faster Payments FPC Federal Reserve FedNow 99

PYMNTS

APRIL 22, 2020

The surge in gig workers and independent contractors has professionals, service providers and regulators engaged in new debates about what it means to be an employee or a small business. kicked off its Same Day ACH functionality, which Ross said became a major launching pad for capabilities to offer early wage access solutions.

Payroll 62

Payroll ACH Same Day ACH Innovation 62

PYMNTS

MAY 1, 2019

Volante explained that VolPay-as-a-Service supports management of a range of corporate enterprise resource planning and acknowledgement formats to streamline corporate customer on-boarding for financial institutions, automating the process of connecting businesses to payment service providers via API. financial institutions.

ISO 20022 66

ISO 20022 Same Day ACH Cross-Border Payments Payment APIs and Integration 66

PYMNTS

NOVEMBER 3, 2020

Financial institutions (FIs) and other financial services providers are looking to help meet the need for speed by leveraging various faster payment rails that support an array of payment methods,” according to PYMNTS’ latest Real-Time Payments Report done in collaboration with The Clearing House.

Real Time Payments 109

Real Time Payments RTP Same Day ACH Payer 109

PYMNTS

OCTOBER 3, 2017

In a recent interview with PYMNTS, Tammi Shapiro, vice president of product strategy and management at financial services provider Fiserv , laid out some of the ways in which businesses — especially the most traditional, in the largest of verticals and also across new payments technologies — can accept payments in new ways.

Faster Payments 49

Faster Payments Same Day ACH Demand Deposit Account (DDA) ACH 49

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. Same Day ACH and the card rails – both of which allow for money to move fast into consumer and business bank accounts for every consumer with a debit product.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

FEBRUARY 5, 2020

The ACH payments and financial data exchange nonprofit NACHA is developing a digital platform to streamline payments by facilitating data sharing via a centralized hub, NACHA announced Wednesday (Feb. The NACHA Phixius platform enables connected service providers to securely exchange payment-related data. Payments value hit $55.8

NACHA 52

NACHA Phixius B2B Same Day ACH 52

PYMNTS

JULY 28, 2017

The good news is that Same Day ACH is on the way, but experts continue to discuss how the initiative will impact corporate payments, if at all. At the center of many of these discussions is the issue of ACH underwriting, which sees FIs establish how long it takes for funds to actually settle into an account.

Same Day ACH 41

Same Day ACH ACH Underwriting Payments 41

PYMNTS

FEBRUARY 6, 2020

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. Especially in the U.S.,

Settlement 67

Settlement B2B Same Day ACH ACH 67

Nanonets

MARCH 20, 2023

There are also Next Day ACH transfers and Same Day ACH transfers available. Next Day ACH transfers typically settle within 1-2 business days, while Same Day ACH transfers can be completed on the same business day or the following business day, depending on when the payment was initiated.

ACH 52

ACH Same Day ACH ACH Network NACHA 52

PYMNTS

JUNE 29, 2018

However, to push insurance providers in the direction of ePayments, service providers have to acknowledge the nuances of the insurance payments machine. In B2B, the demand for remittance data means ACH adoption can be stunted, let alone adoption of Same Day ACH. “That’s the difficult part.”

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

PYMNTS

OCTOBER 4, 2017

The October edition of the PYMNTS Faster Payments Tracker™ , powered by NACHA, looks at notable developments in the global remittance market, including new real-time payment tools for SMBs, blockchain and the latest trends in faster payments infrastructures, including the recent rollout of Same Day ACH Phase 2.

Zelle 40

Zelle P2P Same Day ACH NACHA 40

PYMNTS

AUGUST 29, 2018

The playbook will serve as a resource for financial service providers and businesses to understand and more easily adopt faster payments. ” Last year, Casali spoke with PYMNTS about the industry’s progress toward Same-Day ACH, and how companies can avoid “Y2K-like anxiety” about the shift.

Innovation 40

Innovation Same Day ACH ISO 20022 NACHA 40

PYMNTS

FEBRUARY 11, 2019

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.

Faster Payments 78

Faster Payments Real Time Payments Same Day ACH Payments 78

PYMNTS

MARCH 20, 2018

There are other ways financial service providers can address the risk of fraud in a faster payments ecosystem, said Bullock. similar initiatives were introduced in the financial services sector for the nation’s own implementation of faster payments via Same Day ACH, which launched only months ago.

Faster Payments 46

Faster Payments Central Bank Risk Same Day ACH 46

PYMNTS

NOVEMBER 14, 2018

In its latest report, “ Preparing for real-time liquidity ,” Deutsche Bank acknowledged that the value caps on schemes like Faster Payments and Same Day ACH limit the applicability of these trends for corporate payers. Yet, as these caps rise across the globe, treasurers are likely to see disruption.

Real Time Payments 78

Real Time Payments Real Time Gross Settlement (RTGS) Same Day ACH Liquidity Management 78

PYMNTS

MAY 3, 2018

Payroll service provider Paychex is introducing a new subscription service aimed at enabling small businesses to ensure payroll is completed on time without the risk of bank account overdraft or insufficient fund charges. The suite includes a fraud hotline and other informational services as well.

Payroll 40

Payroll Same Day ACH Small Business ACH 40

PYMNTS

JUNE 25, 2019

Looking at the short- and medium-term roadmaps, he noted that Visa’s focus will be to make sure that existing clients — such as Interac, TCH and others — experience no disruption in service as a result of the acquisition. Ripple Effects.

Transactions 79

Transactions Real Time Payments Same Day ACH Payments 79

PYMNTS

AUGUST 30, 2018

for example, the last of three same-day ACH phases was rolled out earlier this year, which requires receiving depository financial institutions to make funds available by 5 p.m. local time on the same day as ACH credits. In the U.S.,

Same Day ACH 40

Same Day ACH Cross-Border ACH SWIFT 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. Diamante Embraces Blockchain, Too.

B2B 52

B2B RTP Cross-Border FPC 52

PYMNTS

APRIL 30, 2020

This week’s examination of the latest in payments rails innovation finds financial service providers innovating on top of existing rails to address the friction of ACH, checks and other bank transfer infrastructure.

Innovation 73

Innovation Global Payments ACH Cross-Border 73

PYMNTS

JUNE 24, 2019

And payment system testing solutions provider Iliad is trying to encourage uptake with its new virtual testing platform to help FIs and gateway service providers design for RTP. percent CAGR between 2018 and 2025.

Real Time Payments 65

Real Time Payments RTP Faster Payments Payments 65

PYMNTS

OCTOBER 11, 2018

NACHA found B2B payments made up 6 percent of the nearly two million same-day ACH transactions that occurred in the first 11 days the service went live. To provide more options to its drivers, Uber announced in April that it was launching its Uber Visa Debit Card from GoBank. In the U.S.,

Faster Payments 60

Faster Payments Economy Real Time Payments Online and Mobile Banking 60

PYMNTS

MAY 4, 2018

Data published by NACHA late last year found that just 6 percent of same-day ACH transactions were B2B; the remaining were consumer-initiated payments to businesses. “It’s not as though companies are sitting around saying, ‘We have to get accounts payable paid faster.’

Same Day ACH 46

Same Day ACH P2P B2B Cross-Border 46

PYMNTS

JUNE 30, 2017

There’s another catch, though: While Bill.com facilitates ACH payments, it also announced news that it would support paper check payments made by SMEs by producing and mailing out checks to payees on behalf of SME users. There will absolutely be demand for faster ACH payments,” he said.

ACH 61

ACH Checks Small Business Same Day ACH 61

PYMNTS

JULY 27, 2018

said Kurt Rathmann, CEO and founder of small business financial software provider ScaleFactor. The reason, he recently told PYMNTS, is that entrepreneurs need to get things done more quickly — and, in some cases, want their service providers to do it for them, even if that means sharing sensitive data. “The U.S.

Same Day ACH 41

Same Day ACH Small Business Payment APIs and Integration Privacy 41

PYMNTS

AUGUST 3, 2017

A separate report from fraud prevention solutions company GIACT points to potential fraud risks that could arise when Same Day ACH debits roll out in September 2017. A group of 22 global banks announced their participation in a proof of concept for cross-border payments from financial messaging service provider SWIFT.

Community Banks 46

Community Banks Faster Payments NACHA Cross-Border Payments 46

Nanonets

SEPTEMBER 8, 2023

In contrast, ACH transactions may take 3 to 4 business days to settle due to the need for batching and clearance processes, which introduce delays in fund transfers. Cost - Wire transfers have substantially higher fees compared to ACH payments. An ACH transfer usually falls between $0.2

Wire Transfer 52

Wire Transfer Wire Wires ACH 52

PYMNTS

AUGUST 4, 2017

A recent report by financial services provider FIS found that while community banks have been successful in many areas of digital-first solutions, these institutions are still “slow to adapt” to shifting consumer needs.

Community Banks 46

Community Banks Faster Payments Innovation Same Day ACH 46

PYMNTS

MAY 26, 2016

market, and it’s stepping into some of the less-obvious spaces in the corporate payments arena, like providing payment solutions between businesses and their third-party software vendors and easing payments for companies organizing conferences, events or fundraisers that have to collaborate with both individuals and B2B service providers.

B2B 40

B2B Same Day ACH ACH Faster Payments 40

PYMNTS

DECEMBER 27, 2019

While AR-AP connectivity addresses key pain points for buyers and suppliers to ensure the flow of cash from one business to another occurs as seamlessly as possible, it’s a trend that has also introduced new challenges for service providers and their business customers. In the U.S.

B2B 52

B2B Payments Same Day ACH Addressing 52

PYMNTS

NOVEMBER 13, 2019

as service providers old and new introduce more options for consumer and business payers to move money quickly and, in some cases, instantly. None of these services, however, have achieved ubiquity. Faster payments continue to gain traction in the U.S., The Ubiquity Challenge.

Real Time Payments 51

Real Time Payments Faster Payments Federal Reserve RTP 51

PYMNTS

FEBRUARY 22, 2017

.” Fiserv also got a chance to think on its toes with PYMNTS last year when it was one of 14 companies that participated in the Alexa Challenge , which asked firms to create a solution that uses Alexa’s voice-activation technology to help consumers interact with their financial service providers.

NACHA 51

NACHA Same Day ACH ACH Innovation 51

PYMNTS

JUNE 18, 2019

to fully embrace real-time payments for both B2B and B2C activity,” Bottomline Technologies Vice President of Product Management and Strategic Solutions Jessica Cheney told PYMNTS in a recent interview , pointing to the previous rollout of Same-Day ACH and an acceleration of FinTech innovation in the country.

RTP 47

RTP Real Time Payments Credit Union Payment APIs and Integration 47

PYMNTS

MAY 22, 2018

The fact remains that all disbursements by businesses are still done, largely, through legacy means, as 80 percent of firms still send checks or use first-generation ACH — and don’t confuse Same-Day ACH with instant, as it is fast, indeed, but not that fast.

Push-to-Card 40

Push-to-Card Same Day ACH ACH Payments 40

PYMNTS

AUGUST 30, 2018

has seen an uptick in payment rail activity – such as the rollout of Same-Day ACH over the past three years – many noteworthy developments in the payment rail landscape have recently been observed in Europe. Around the Smarter Payments World. While the U.S.

Cross-Border 40

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

PYMNTS

OCTOBER 23, 2019

Below, PYMNTS looks at the latest solutions that take one of those two paths as innovators address friction in checks, ACH and other rails. It’s both a show of support for a new rail like RTP, as well as for the strategy to improve upon legacy rails like ACH. Work With What You’ve Got.

Faster Payments 40

Faster Payments B2B RTP ACH 40