PYMNTS

APRIL 6, 2016

As reported by NACHA, the electronic payments association, the readiness was disclosed in a survey that had been conducted by the association, with the two strongest use cases identified across same day ACH. Estep, who serves as president and chief executive officer of NACHA, said in a statement.

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PYMNTS

JUNE 6, 2017

NACHA, with its Same Day ACH offering, is leading the charge for faster payments in the U.S., and our latest Data Drivers , featuring PYMNTS’ Karen Webster and NACHA CEO Jan Estep, explored the possibilities. They grew over 5 percent in 2016.”. And how fast will people get used to fast — as in faster payments?

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PYMNTS

MAY 3, 2017

The May Faster Payments Tracker™ , powered by NACHA, highlights how several faster payment solutions are shaking up different industries, from health insurance to rideshare services. The most recent statistics from NACHA found that ACH transaction volume jumped by 5.3 billion in 2016, with an estimated value at $43.7

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Faster Payments P2P Venmo Use Case 42

PYMNTS

JULY 5, 2017

The Federal Reserve made news late last week when it released its newest data on consumer and business payment habits, assessed via data from 2015 compiled in 2016. For both consumers and businesses, the volume of non-cash payments jumped over the 15 year period. checks a month in 2015, down from an average of 66 per month in 2000.

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PYMNTS

SEPTEMBER 15, 2016

4: The number of times the Fed planned to raise the interest rate in 2016 (so far, none have happened). 50%: The bump in transaction volumes issuers see from instant issuance , according to Entrust Datacard. 1 Week Left: Until Same Day ACH goes into effect — NACHA says retailers need to get ready for speed.

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PYMNTS

FEBRUARY 9, 2017

NACHA has grown considerably in the past 25 years,” said Stone. “As As the NACHA Rules have evolved, so has the concept that the Standard Entry Class can be used to determine how an ACH Entry is handled.” Stone, who has worked with NACHA and ACH processing since 1980, has the historical perspective needed to make such observations.

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PYMNTS

JANUARY 23, 2018

Steve Traut, co-owner and SVP of Sales at Superior Press , recently spoke with PYMNTS about why the company is helping banks stay up to date with technologies to help manage paper check volume, despite ongoing talk of its eventual demise. The expansion of ACH across the U.S., It’s not that checks are disappearing completely.

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PYMNTS

APRIL 5, 2018

Just over 80 percent — or 82 percent — of surveyed financial institutions (FIs) anticipate SDA debit volume will grow at a rapid or steady rate in next six to nine months. The volume of same-day automated clearing house (ACH) transactions is expected to rise over the coming months.

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PYMNTS

MARCH 30, 2018

According to NACHA statistics on Same Day ACH, nearly 2 million debits were made in just the first 11 days of service, accounting for a combined $1.5 The vast majority of that volume and value, however, was in the form of business-to-consumer payments, while B2B transactions accounted for just 6 percent of this activity.

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Payroll Faster Payments Direct Deposit Same Day ACH 53

PYMNTS

MAY 7, 2018

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. billion in losses linked to fraud in 2016 and a 16 percent increase from 2014 levels. The risks, of course, are monstrous. Data from the American Bankers Association found the U.S.

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FICO

MARCH 27, 2017

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. NACHA provides a roundup of interesting statistics : Consumer demands and expectation will continue to drive the speed of payments faster. Are banks truly ready for same-day ACH?

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PYMNTS

JUNE 12, 2017

Their 2017 survey contains data points that all point to one conclusion: Companies are forced to reshape their payment strategies thanks to a combination of factors, including the rising threat of payments fraud, increased globalization and high payment volumes. But how businesses reshape their payment practices varies.

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PYMNTS

OCTOBER 10, 2018

” Some of the latest data from NACHA found use of wire payments has risen in the U.S. ” Some of the latest data from NACHA found use of wire payments has risen in the U.S. billion via business wire fraud between October 2013 and December 2016, the FBI calculated. Thieves attempted to steal $5.3

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PYMNTS

MARCH 29, 2018

But they also can’t deny that checks continue to make up about half of the supplier payments volume (in the U.S., Indeed, research released in 2016 from Bottomline Technologies found 71 percent of businesses surveyed had experienced actual or attempted check fraud.

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Checks B2B ACH Payments 43

PYMNTS

SEPTEMBER 9, 2016

Financial institutions must analyze their trend volumes to get a sense of the flow for how transactions come in throughout the day, Rojas said. Just in the first four months of 2016, incidents of such scams increased by 270 percent. 2016, according to the FBI. 2013 and Feb. The cost of such attacks? A whopping $2.3

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PYMNTS

JANUARY 2, 2017

In 2016, the PYMNTS.com Tracker series kept tabs on practically everything within the payments and commerce ecosystem, from A to Z (that’s ACH transfers to Ziosk). From using virtual reality to overhauling the retail industry to shifting trends in cross-border payments, here are some of the highlights from our 2016 Trackers.

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ACH Online and Mobile Banking Cross-Border Same Day ACH 49

PYMNTS

JUNE 19, 2018

Data from NACHA and the Credit Research Foundation (CRF) found that cards account for just 11 percent of B2B transactions, while accounts receivable professionals expect that figure to grow just 1.5 Nearly a third of businesses said their commercial cards were targeted by fraudsters in 2016. percent by the end of the decade.

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Commercial Card Data Breach Credit Cards B2B 40

PYMNTS

SEPTEMBER 30, 2016

NACHA just launched Same Day ACH – the only faster ubiquitous payments play in the U.S. As of 2016, approximately a fifth of the world’s population resides in India — about 1.33 After a lot of quiet hype, 2016 was the year that the volume went up on the India buzz, and now, it’s not just hot, but sizzling.

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CFPB Online and Mobile Banking Bots Same Day ACH 69

PYMNTS

OCTOBER 8, 2018

Rails and railroads, Buffet wrote in Berkshire’s 2016 Annual Letter, are four times as fuel efficient as trucks , requiring only a single gallon of diesel fuel to move a ton of freight 500 miles. NACHA is examining additional windows for weekends and has increased the limits for how much money can be sent over those same-day ACH rails.

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B2B Same Day ACH Payments ACH 76