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NACHA Adds 9K Third-Party Senders, Expands ACH Payments

PYMNTS

29, 2017, calls for financial institutions that originate ACH payments to register their third-party sender customers through the NACHA Risk Management Portal. Third-party senders are important participants in expanding access to ACH payments,” said Jane Larimer, chief operating officer and general counsel at NACHA. “The

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NACHA Expects ACH Transactions To Rise

PYMNTS

The survey was conducted in November and December of 2017 and included 22 financial institutions (FIs) that represent 78 percent of the ACH Network origination volume. But, with the rise of Same Day ACH, FIs surveyed have not seen an increase in fraud. million in 2017, with the payments adding up to $87.1

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Forty Is The New Faster (Payments)

PYMNTS

Same Day ACH and credit push was the first phase of a multi-phased effort to enable faster, more flexible and smarter payments to move between people and businesses. Same Day ACH Phase Two is all about debits — to be enabled by all banks in the U.S. The flexibility of the ACH Network allows debit payments to be scheduled in advance.

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The Millions And Billions And Trillions Of Same Day ACH

PYMNTS

We’ll give a daily double for the first data point, as it’s number of ACH transactions, and the second is quoted in terms of dollars over the whole calendar year of 2016. That year “as a whole,” said Estep, “showed both the continued growth as well as the evolution of the ACH network.”. Data Point Two: 26 Million.

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The Fluid Faster Payments Conversation

PYMNTS

And the ACH Network provides a building block to develop these new services, Estep said – because it’s “skinny”. “It ZipLine has easy pay at the pump that takes out the friction of an ACH payment. Transactis has added value to the ACH Network by replacing paper bills, along with the payment.

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For Wells Fargo’s New CEO Scharf, The Long List Of To-Dos Looms Large

PYMNTS

There was, of course, the November 2017 announcement that BNY Mellon had, along with Apex Clearing, originated the first Real-Time Payments transaction over the RTP network — the first new payments rail in the U.S. since the ACH network debuted in 1974.

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How The Gig Economy Is Making Disbursement Tools More Important

PYMNTS

The most recent PYMNTS’ Gig Economy Index , for example, found that 51 percent of gig workers surveyed in the fourth quarter of 2017 reported being paid within one week of rendering their services. The survey was conducted in November and December of 2017 and included 22 FIs that represent 78 percent of the ACH Network origination volume.

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