Remove ACH Network Remove Payment Initiation Remove Real Time Payments
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Breaking Down The Faster Payments Construct

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In just a matter of days, the payments industry will see a significant — and ubiquitous — change in the way payments are sent and received. Same Day ACH will create a new option for faster payments for all the banks and credit unions across the U.S. What’s Under The Faster Payments Umbrella?

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Same Day ACH: Impacts At The Intersections

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In the previous episode of NACHA’s Countdown to Same Day ACH podcast series, NACHA President and CEO Jan Estep identified the overlaps, complements and implications of all the initiatives under the faster payments umbrella — namely, real-time payments, Same Day ACH and blockchain.

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Faster Payments Finds Its Future

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Less than two months after its implementation, Same Day ACH, the ubiquitous faster payments initiative for the payments industry in the United States, is showing a significant impact on the market, but it still has plenty to learn from those across the pond. This growth is set to get even bigger.

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To Accelerate Payments, Mix Rails Or Nix Rails?

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market to achieve payments interoperability between faster payment systems, with nearly half suggesting that this be achieved within four years. More than one-fifth, however, suggested that interoperability be achieved as soon as the Federal Reserve release its FedNow real-time payments service.

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The Fluid Faster Payments Conversation

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“The understanding of faster payments is really increasing across the ecosystem and that is good because it means then that people can start building new services and really support end users who want to embrace the concept of moving payments from one person or one entity to another in a more timely fashion,” Estep said.

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Coming Together To Bring Faster Payments To Life

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When The Clearing House (TCH), the payments firm owned by commercial banks, along with global software and services provider FIS, recently submitted their proposal to the Fed’s Faster Payments Task Force in order to evaluate their real-time payments system proposal, it signified a milestone along the path toward real-time payments.

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Why ‘Skinny’ Will Make Payments Faster

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. “The understanding of faster payments is really increasing across the ecosystem and that is good because it means then that people can start building new services and really support end users that want to embrace the concept of moving payments from one person or one entity to another in a more timely fashion,” Estep said.

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