PYMNTS

AUGUST 12, 2019

It’s also not why the Fed decided to enter the real-time payments fray. The Real-Time Payday Reality. Direct deposit over the ACH network eliminated that friction and got them earlier access to those funds. But a handful of the 12,000 FIs and 51 percent of deposits does not a real-time payments network make.

Real Time Payments 78

Real Time Payments FedNow TCH Fed 78

PYMNTS

MARCH 18, 2019

That faster payments, whether via the Fed or via the TCH’s Real-Time Payments (RTP) network or both, is a big threat to how banks monetize the movement of money between senders and receivers and their depository accounts. And finally, that the banks and the card networks are the big losers. A Couple of Important Dots.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

Payment Savvy

SEPTEMBER 5, 2024

They give their bank a request to send funds through the ACH network. The bank then packages this request into a digital file, which gets sent to an ACH operator. This operator acts like a middleman, making sure everything is in order and routing the payment to the right place.

ACH 52

ACH ACH Network Wire Transfer Direct Deposit 52