Clearly Payments

JANUARY 23, 2024

Whether you’re dealing with routine bills, processing paychecks, or handling high-stakes international transfers, understanding the nuances of electronic fund transfers (EFTs) is crucial. When it comes to electronic payments, two major players stand out in the United States: ACH transfers and wire transfers.

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EBizCharge

SEPTEMBER 18, 2024

Automated Clearing House (ACH) transactions are revolutionizing how businesses and consumers transfer money, offering a variety of payment types to meet diverse needs. Recognizing the different types of ACH payments and their relevant codes is crucial for navigating this complex landscape. What are ACH payments?

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Stax

JUNE 27, 2024

If you’ve been accepting and using electronic payments in your business, you’ve probably come across two of the most popular terms in the digital payments scene— automated clearing house (ACH) and wire transfer. While they’re both electronic modes of payment, they have stark contrasts when it comes to their processes.

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Paymerang

NOVEMBER 28, 2023

If your business is using Automated Clearing House (ACH) transactions to pay more of its suppliers, you are not alone. billion B2B transactions were made via ACH in the third quarter of 2023, a 9.6 percent increase from a year earlier, per NACHA, which governs the ACH Network.

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PYMNTS

MARCH 13, 2019

NACHA, national administrator of the ACH network, said a third processing window for same-day transactions will be postponed for six months until the Federal Reserve Board of Governors (Fed Board) approves the initiative. ET (1:45 p.m. PT), providing greater access for all ODFIs and their customers.”.

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Nanonets

MARCH 20, 2023

What are ACH payments? ACH (Automated Clearing House) payments are electronic fund transfers that use the ACH network to move funds between bank accounts in the United States. The ACH network is managed by NACHA, which was earlier known as the National Automated Clearing House Association.

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Payments Source

MARCH 13, 2019

After more than two years of successful operation in delivering Same-Day ACH payments, Nacha's request to add a third processing window has been denied by the Federal Reserve, which says it has to obtain public comment on the concept.

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EBizCharge

OCTOBER 17, 2023

Every day, billions of dollars in transactions are processed around the world. While payment methods vary depending on location, merchant, and type of transaction, ACH payments are one of the most used electronic payment systems in the U.S. What is ACH? Outside of commercial applications, ACH is also heavily used by the U.S.

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EBizCharge

JULY 18, 2024

Ideal for businesses globally, EDI payment systems are crucial for electronic data interchange, carving a niche in the financial transaction process. An Electronic Data Interchange Payment, or EDI Payment , refers to a system where financial transactions are processed electronically in a standardized format. What is an EDI payment?

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PYMNTS

FEBRUARY 5, 2020

The ACH payments and financial data exchange nonprofit NACHA is developing a digital platform to streamline payments by facilitating data sharing via a centralized hub, NACHA announced Wednesday (Feb. The NACHA Phixius platform enables connected service providers to securely exchange payment-related data. percent jump.

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Payment Savvy

AUGUST 4, 2020

Starting March 19, 2021, the National Automated Clearing House Association (NACHA) will require businesses to perform online verification of bank accounts before they accept or process ACH payments. Let’s take a closer look at this situation and how to simplify the process for you. Why the changes?

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PYMNTS

SEPTEMBER 15, 2020

There will soon be rules in place that govern how merchants and other entities make sure the accounts presented for debit transactions are valid — and in the process, cut down on fraud and chargebacks. As to why the account validation rule is particularly timely, Johnson said, “Nacha's goal with this change is to clean up the ACH system.

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PYMNTS

JANUARY 25, 2017

The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, just released findings from the Same Day ACH transaction volume data for Sept. Same Day ACH is an industry initiative toward faster payments. Direct Deposit comprised 52 percent of Same Day ACH volume, or 6.8

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PYMNTS

APRIL 11, 2018

New data shows that the ACH Network processed 21.5 It is the third year in a row in which the number of new ACH transactions increased by more than one billion. The continued robust growth comes as no surprise as the ACH Network continues to evolve to meet the needs of financial institutions, businesses and consumers.”. “The

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Nanonets

MARCH 24, 2023

Checks are a slow process with many steps on both ends. You can pay vendors via ACH, virtual cards, or other online payment methods, depending on your specific business and circumstances. ACH payments are faster and more dependable than traditional paper checks, thereby streamlining account payable processes.

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PYMNTS

SEPTEMBER 18, 2020

Nacha , the nonprofit that manages the movement of trillions of dollars in electronic payments, announced the debut of voice payments and cybersecurity resources on Thursday (Sept. Nacha was originally known as the National Automated Clearing House Association.

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PYMNTS

FEBRUARY 7, 2017

NACHA wants to quell any anxieties about the rollout of Same Day ACH, and the latest data from the payments group should breathe new confidence in banks that have adopted the technology. The association released the latest data on the rollout of Same Day ACH thus far with a new report today (Feb.

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PYMNTS

APRIL 17, 2017

On Friday (April 14), NACHA released more stats about ACH to explore how businesses are using the payment rail — same-day or not. According to the data, the number of ACH transactions in 2016 topped 25.6 trillion, NACHA said. Overall, B2B payments make up 15 percent of ACH Network volume, NACHA found.

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Payment Savvy

FEBRUARY 23, 2023

If you are using the Automated Clearing House (ACH) method to process customers’ transactions, you are likely to see three-digit codes if a problem arises. Whenever there is an issue with a direct debit or credit card transaction, one of the parties involved in the payment processing will send a code. What Are ACH returns?

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PYMNTS

APRIL 24, 2020

It’s been a boon for ACH payments, said Jeff Thorness, president of Forte Payment Systems , a CSG company. As Thorness explained, their embrace of ACH processing technologies is likely to have far-reaching impacts into how they send and receive payments with government suppliers, too, particularly as ACH innovation accelerates.

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PYMNTS

MAY 10, 2019

In a new PYMNTS interview, David Barnhardt, executive vice president of product at GIACT , which offers fraud detection and account validation tools, talks about an upcoming change by NACHA, national administrator of the ACH network, to make internet-initiated debit transactions (WEB debits) safer and more seamless. New NACHA Rule.

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PYMNTS

JUNE 28, 2017

Accounts receivable professionals are preparing for paper checks to decline and automated clearing house (ACH) payments to rise, according to a new report by the National Automated Clearing House Association (NACHA) and the Credit Research Foundation (CRF). The same professionals also predict cards will hold at 12.5 ”

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PYMNTS

OCTOBER 10, 2016

NACHA’s launch of Same Day ACH ushered in three settlement windows, enabling ACH payments to be received same day. The Road To Process Improvement. As Throckmorton pointed out, it’s not about moving money but more about making processes better, more standard and more secure. via all banks and credit unions.

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PYMNTS

MARCH 27, 2017

As banks, FinTechs and a variety of software development firms explore the waters of payments and information exchange and collaboration, NACHA says there is a new idea to consider: API standardization. . To demonstrate this challenge, he pointed to the ACH Network itself. financial services space.

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PYMNTS

OCTOBER 15, 2020

With the current state of economic upheaval, the ongoing pandemic and the great digital shift, corporates and financial institutions are racing to digitize and modernize payment flows and back-end processes. Moving Beyond ACH . Real time and the ACH network can actually work together to displace paper checks.”

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Finovate

FEBRUARY 1, 2024

Quavo Fraud & Disputes introduced new automated ACH capabilities to its dispute management platform. Quavo unveiled new automated ACH capabilities to its dispute management platform, QFD (Quavo Fraud & Disputes) this week. ” Quavo’s solution to this challenge was innovative. And this is only the beginning.”

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Payments Source

SEPTEMBER 15, 2017

A year after launching the same-day Automated Clearing House process for credit payments, Nacha says same-day ACH for debit payments began Friday.

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PYMNTS

SEPTEMBER 15, 2017

In a recent interview with PYMNTS’ Karen Webster, Jane Larimer, chief operating officer at NACHA, said the financial services industry has done much preparation in terms of enhancing systems and processing, in tandem with significant testing, after a smooth Phase 1 of Same Day ACH debuted last September. 2016 and July 2017.

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Fintech Finance

MARCH 21, 2024

Going forward, SVB will handle ACH processing and money movement on behalf of Link Money’s merchants, enabling Link Money to enhance its capabilities, scale faster and further improve its Pay by Bank solution. As credit card fees and fraud continue to rise, merchants are seeking alternatives for a less expensive payment option.

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PYMNTS

OCTOBER 6, 2020

The tie-up will harness Boost Intercept, which is a technology for straight-through processing and Dynamic Boost, which uses rules-based pricing for commercial card payments. Nacha Adopts Eight ACH Payment Updates. The amendments regard Same Day ACH and new methods of making ACH payments simpler to use.

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PYMNTS

SEPTEMBER 14, 2018

NACHA has tapped AeroPay Express as its newest Preferred Partner for B2B Electronic Payment Enablement, the organization said Thursday (Sept. As a Preferred Partner, AeroPay Express is part of a larger group that supports NACHA’s efforts to promote payments innovation.

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PYMNTS

NOVEMBER 10, 2020

Nacha has announced that Phixius, which facilitates the trusted exchange of payment information, has officially gone live, according to a press release. George Throckmorton , Nacha's managing director and executive director of Afinis API Standards, said the company is "excited" to have Phixius finally go live.

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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.

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PYMNTS

MAY 16, 2019

Data from the ACH Network shows growth in payment volumes and values across a number of classifications. In all of 2018, there were 27 billion ACH payments, with roughly $51 trillion in value that moved across the network. In February 2019, there was a daily record set, when the volume was past 100 million ACH payments per day.

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Payment Savvy

OCTOBER 8, 2024

Throughout this article, we’ll explore direct debit, its benefits, how it compares to other payment methods like ACH direct debit, and how it helps save time and money. Setting up a direct debit is straightforward and typically involves three key steps: authorization, collection, and processing.

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PYMNTS

APRIL 22, 2020

In a recent conversation with PYMNTS, Everee CEO Brett Barlow, as well as Co-founder and President Ron Ross, discussed how to help employers take the leap from the legacy of biweekly payroll, and why innovations in the ACH network have finally opened up the doors to a new normal of employee compensation. ACH Innovation Breaks The Mold.

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PYMNTS

NOVEMBER 30, 2017

NACHA has revealed news that B2B payments company Bottomline Technologies is its newest partner. 29), NACHA said Bottomline Technologies Paymode-X has been chosen as its Preferred Partner for Business-to-Business Payments. Making that payment process as smooth and seamless as possible is our number one priority.

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