PYMNTS

MARCH 5, 2018

NACHA , the electronic payments association, announced that banks and credit unions have registered 9,403 third-party senders as of the March 1, 2018 deadline. In a press release , NACHA said the rule, which took effect on Sept. In a press release , NACHA said the rule, which took effect on Sept.

Third-Party Sender 40

Third-Party Sender NACHA ACH Credit Union 40

The Paypers

NOVEMBER 5, 2018

billion in the third quarter of 2018, a 6.7% increase over Q3 2018, according to NACHA. (The Paypers) The number of ACH payments has registered more than 5.6

NACHA 28

NACHA ACH Volume Payments 28

PYMNTS

AUGUST 20, 2020

This week’s exploration of the latest in payment rail innovation finds industry heavyweights like Visa, SWIFT and NACHA eyeing speed and data to add value to both new and legacy payment infrastructures. Visa Joins NACHA Pilot. Visa has joined the pilot Phixius program operated by NACHA, the companies recently revealed.

RTP 101

RTP Phixius FPC Payment APIs and Integration 101

PYMNTS

JANUARY 29, 2019

During the fourth quarter of 2018, ACH Network volume saw more growth than it has in the last decade, according to the National Automated Clearing House Association (NACHA), which noted same-day ACH payments also reached a new level. The ACH Network is stronger than ever,” NACHA Chief Operating Officer Jane Larimer said.

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ACH Same Day ACH ACH Network NACHA 65

PYMNTS

FEBRUARY 4, 2019

Twenty-five of them were operational worldwide in 2017, and that number had swelled to 40 by September 2018, with 16 more expected to debut by 2020. billion in 2018 to $26.9 billion in 2018 to $26.9 That share rose to 62 percent in 2018, according to the Mercator Advisory Group’s “U.S. billion by 2023 — a CAGR of 30.9

Faster Payments 73

Faster Payments Federal Reserve Real Time Payments TCH 73

PYMNTS

MARCH 18, 2019

Last week, NACHA issued an ACH operations bulletin announcing the delay of the rollout of a third Same Day ACH (SDA) processing window by six months, to March 19, 2021. The regulator notified NACHA that they need more time to evaluate required changes to their system before giving it the green light. A Couple of Important Dots.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

OCTOBER 16, 2019

. $385B: Amount spent on subscription/recurring payment services in Europe in 2018. 2: Number of additional ACH windows opened by NACHA to promote faster payments. 18: Number of U.S. deaths currently attributed to vaping. 125B: Potential SCA-related impact on Europe’s eCommerce industry.

NACHA 53

NACHA ACH Faster Payments Payments 53

PYMNTS

JANUARY 31, 2019

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. Accelerated payments are taking off in several markets around the world, and NACHA’s latest figures demonstrate U.S.

Faster Payments 73

Faster Payments Money Laundering Same Day ACH AML 73

PYMNTS

SEPTEMBER 15, 2017

For NACHA, there’s a rollout of a different sort, with far-reaching impact on how, who and when consumers and enterprises see funds flow. In an interview with PYMNTS’ Karen Webster, Jane Larimer , chief operating officer at NACHA , said that the implementation of Phase 1 of Same Day ACH has gone smoothly, with a live debut last September.

Same Day ACH 48

Same Day ACH ACH NACHA Debit Transaction 48

PYMNTS

MAY 10, 2019

13, 2018, NACHA , the rules and standards body for the ACH network, announced that its voting members had approved amendments to the NACHA Operating Rules & Guidelines to establish a third Same Day ACH processing and settlement window,” the Federal Reserve wrote in the announcement. “On Sept.

FedWire 51

FedWire Same Day ACH Federal Reserve Nacha Operating Rules 51

PYMNTS

JANUARY 15, 2018

That’s one trend we’ll see a lot more of [in 2018].” Last June, NACHA and the Credit Research Foundation said that at present, paper checks make up half of B2B transactions received in the accounts receivable department; ACH accounts for less than a third.

B2B 55

B2B Same Day ACH Innovation NACHA 55

PYMNTS

NOVEMBER 27, 2020

One 2018 survey found that 77 percent of merchants worldwide expected real-time payments to eventually replace plastic payment cards, and this finding came well before any knowledge of a pandemic that would shutter bank branches and see consumers flocking to digital payments. percent during Q3 2020.

Real Time Payments 106

Real Time Payments P2P B2B Zelle 106

PYMNTS

AUGUST 31, 2017

September will be a big month for NACHA’s Same-Day ACH initiative. 15, NACHA will roll out phase two of its Same-Day ACH Rule, and small businesses stand to gain significantly from the effort, according to reports at Nav.com. The publication highlighted the upcoming rollout in an article Wednesday (Aug.

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Same Day ACH ACH ACH Rules NACHA 53

Finovate

MARCH 8, 2024

.” Oregon-based Sila launched its ACHNow product in 2018. When businesses submit a standard NACHA file, ACHNow routes each transaction to either RTP or FedNow. The tool combines The Clearing House’s RTP, the U.S.

Real Time Payments 64

Real Time Payments FedNow RTP ACH 64

PYMNTS

NOVEMBER 9, 2017

On the bright side, the percentage of FIs allowing consumers to push SDA credit payments – for both bill pay and peer-to-peer (P2P) applications – is expected to grow to 25 percent by the end of 2018. PYMNTS, in collaboration with NACHA, examined the current use and demand for SDA. About the Report. We surveyed 125 U.S.-based

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Same Day ACH ACH NACHA Origination 41

PYMNTS

MAY 16, 2019

In all of 2018, there were 27 billion ACH payments, with roughly $51 trillion in value that moved across the network. In a statement, Nacha COO Jane Larimer said, “The [Q1] results show that the ACH Network is poised for another year of sustained growth. More generally, the network reported that the total number of payments was up 5.8

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ACH ACH Network B2B Same Day ACH 54

PYMNTS

JUNE 25, 2018

billion in the first quarter of 2018, according to the latest figures from NACHA , the Electronic Payments Association. According to the NACHA figures, 1.4 billion internet transactions were made in the first quarter of 2018, representing a 14.2 Such reports come at a time of ACH growth. businesses.

Same Day ACH 43

Same Day ACH Consumer ACH NACHA 43

PYMNTS

AUGUST 15, 2019

Seventy countries had adopted the standard as of May 2018, and it is expected to support 87 percent of the world’s financial transactions by 2023. NACHA also offers a tool to help firms send ISO 20022-approved remittances data for B2B payments. .

ISO 20022 58

ISO 20022 ISOs Interoperability Message Standards 58

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. 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.,

Faster Payments 60

Faster Payments Economy Real Time Payments Online and Mobile Banking 60

PYMNTS

SEPTEMBER 21, 2018

Augmented reality (AR) and virtual reality (VR) have spent much of 2018 generating buzz as a potential tool for retailers looking to bridge the digital/physical gap and deliver an all-encompassing, omnichannel shopping experience. Same-day ACH: NACHA expanded the offering to all FIs and customers, and expanded a number of service offerings.

Same Day ACH 77

Same Day ACH ACH NACHA Money Laundering 77

The Paypers

MAY 8, 2019

(The Paypers) NACHA has announced that the ACH Network’s number of payments in Q1 2019 increased 5.8% from 2018, and the daily average volume of payments increased 7.5%.

ACH Network 28

ACH Network ACH Continuity NACHA 28

PYMNTS

JULY 26, 2018

Venmo , the P2P service owned by PayPal , took in more than $14 billion in payments volume during the second quarter of 2018, a 78 percent year-over-year increase. NACHA P2P Figures. NACHA also said that close to 1.5 Another recent figure also could be cause for optimism for P2P backers, no matter what brand team they are on.

Zelle 42

Zelle Venmo P2P PayPal 42

PYMNTS

APRIL 22, 2020

Phase 3 [of NACHA’s Same Day ACH implementation plan] wrapped up in March 2018,” said Ross. I incorporated the business the next month, in April 2018.”. It wasn’t until recently that the U.S.

Payroll 62

Payroll ACH Same Day ACH Innovation 62

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. based financial institutions (FIs) offer same-day credits.

Same Day ACH 40

Same Day ACH ACH NACHA Payroll 40

PYMNTS

JUNE 21, 2016

But by the end of 2018, Sage stated, only 10 percent of B2B payments will in fact be made by check. NACHA has estimated that it costs about $10 per check, when all processes are accounted for (including labor, ink, time and stamps). The “check total” of payments still stands at more than 50 percent, according to the data. .

B2B 50

B2B Wire Transfer NACHA Checks 50

PYMNTS

FEBRUARY 6, 2018

The Corporate Survey, a NACHA collaboration, asked 500 corporates and government agencies about their current and planned SDA credit and debit usage. Some key takeaways found in the Corporate Survey include: In 2018, 59 percent of corporations plan to increase their use of SDA credits.

Same Day ACH 43

Same Day ACH Faster Payments ACH NACHA 43

PYMNTS

SEPTEMBER 7, 2017

One of reasons the rollout was so successful involved education efforts made by NACHA and the Regional Payments Associations which ensured member financial institutions understood what Same Day ACH changes would mean for their organizations, and for all of their customers. Coming Soon: ‘S.D. ACH III – The Final Chapter’. About the Tracker .

Same Day ACH 45

Same Day ACH ACH NACHA ACH Network 45

PYMNTS

FEBRUARY 6, 2018

59 percent | Portion of corporations that plan to increase their use of SDA credits in 2018, according to findings from a recent Corporate Survey, a National Automated Clearing House Association (NACHA) collaboration. The survey asked 500 corporates and government agencies about their current and planned SDA credit and debit usage.

Same Day ACH 40

Same Day ACH NACHA Authentication ACH 40

PYMNTS

NOVEMBER 6, 2018

Recently, NACHA — The Electronic Payments Association approved three new rules to update Same Day ACH services. The network processed $28 billion in payments during Q2 2018 and can expect that traffic to rise as it adds new participants. Around The Faster Payments World. Even as the U.S.

Faster Payments 53

Faster Payments Real Time Gross Settlement (RTGS) Same Day ACH Cross-Border Payments 53

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 When it comes to faster payments, B2B payments aren’t necessarily chomping at the bit for the capability. billion in funds.

Payroll 53

Payroll Faster Payments Direct Deposit Same Day ACH 53

PYMNTS

NOVEMBER 20, 2019

The market is seeing increased usage of automated clearing house (ACH) payments in particular, according to Nacha, which reported that more than 306.7 million ACH electronic funds transfer (EFT) payments were made from health plans to health providers in 2018 — an 11.5 trillion in 2018, an increase of 80 percent from 2014. .

Real Time Payments 44

Real Time Payments Electronic Funds Transfer (EFT) ISO 20022 Payer 44

PYMNTS

MARCH 17, 2017

The NACHA Best Innovation in ACH. If not, we hope you’ll join us in 2018. Gold: MoneyLion. Most Invisible Innovation. Bronze: ModoPayments. Silver: Flywire. Gold: Android Pay. Best Comeback Story. Bronze: CardinalCommerce. Silver: Magento. Gold: Upserve. Bronze: Fiserv. Silver: Campus Scientific. Gold: Bank of America Merrill Lynch.

Innovation 70

Innovation Payments NACHA Blockchain 70

PYMNTS

JANUARY 9, 2019

The Federal Bureau of Investigation (FBI) has now pegged total losses to BEC scams at $12 billion across 150 countries, marking a 136 percent rise in BEC cases between December 2016 and May 2018. NACHA found that, in the first 11 days that the service went live in 2017, only 6 percent of the 2 million transactions made were B2B transactions.

Faster Payments 56

Faster Payments Business Email Compromise Treasury Real Time Payments 56

PYMNTS

OCTOBER 13, 2017

The rule mandates that financial firms originating ACH transfers must identify and register their third-party sending customers with NACHA. The Consumer Financial Protection Bureau (CFPB) also has its value as a risk-monitoring source, she commented, as do state and local government agencies.

Risk 46

Risk Consumer Financial Protection Bureau (CFPB) Due Diligence Third-Party Sender 46

PYMNTS

AUGUST 24, 2018

The Credit Union Times reported, per a study by TD Bank , that a majority of payments professionals — surveyed at the 2018 NACHA conference in May — expect fraud to get worse. It may not be time to expect the outlook to brighten soon. As many as 84 percent of professionals think that fraud will, in fact, increase.

Phishing 41

Phishing Cybersecurity Payments NACHA 41

PYMNTS

AUGUST 15, 2018

The survey, conducted at the 2018 NACHA PAYMENTS Conference held in San Diego earlier this year, asked 390 industry professionals about their expectations from the payments industry. Still, the research suggests the commercial payments industry is certainly paying attention to real-time payments.

Real Time Payments 40

Real Time Payments Faster Payments Payments Cybersecurity 40

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Credit Union 15

Credit Union NOV NACHA Cybersecurity 15