PYMNTS

NOVEMBER 9, 2017

Fourteen months since the Phase 1 roll out, 43 percent of financial institutions (FIs) now allow businesses to originate same-day ACH credit. However, 25 percent of FIs still do not offer SDA origination to business customers, given the lack of support from core processors and software providers, who have yet to make these features available.

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PYMNTS

DECEMBER 13, 2017

It has been 14 months since the first phase of Same Day ACH credits debuted, and in numbers via a joint study by PYMNTS and NACHA, business origination of Same Day ACH credit has been significant, with clear trends in place that show healthy use and demand. But others are pushing forward, particularly with respect to funds availability.

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PYMNTS

SEPTEMBER 15, 2017

From an origination perspective, that process is not mandatory, but here again, many larger firms and financial institutions “are ready to go from day one.” This preparation sets the stage for the third and final phase, which goes live in March of 2018. local time – where, previously, rules simply mandated end-of-day processing.

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PYMNTS

SEPTEMBER 27, 2019

Coverage this week includes a new Amex financial service, deep looks at real-time payments and the woes at WeWork, advances in voice retail and payments, a potential new opportunity for financial institutions, and original PYMNTS research into use case for artificial intelligence. Amex Launches Pay By Bank.

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PYMNTS

APRIL 6, 2017

The third phase, which will usher in faster ACH credit funds availability, is on track to occur in March 2018. But Casali explained to NEACH members that they were misinformed, that this feature will not be mandated for all until the completion of Phase Three in March 2018.

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PYMNTS

SEPTEMBER 7, 2017

Apologies to any Iron Man 3 devotees reading this, but follow-ups just typically don’t have the Jaws of, well, the original. To ensure that originating customers are intending to process same-day transactions, McKay said the bank will not automatically enroll its business customers in Same Day ACH debits. Coming Soon: ‘S.D.

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PYMNTS

NOVEMBER 10, 2017

Some 14 months since launch, and among 125 FIs surveyed, 66 percent are making same-day funds available. About 75 percent of firms plan to offer same-day ACH credit origination to their business customers by the end of 2018. No respondents have seen a boost in fraud.

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