article thumbnail

Instant ACH Transfers Online

Payment Savvy

The backbone of these developments is none other than America’s Automated Clearing House (ACH) which facilitates seamless electronic transactions between banks and financial institutions within its network. Instant ACH transfers have gained prominence as they cater to the increasing demand for expedited financial transactions.

ACH 94
article thumbnail

How Governments Navigate ACH Payments Innovation

PYMNTS

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.

ACH 64
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Half of Immediate's early wage users switch to Visa Direct within two months

Payments Source

In the two months since earned wage access (EWA) provider Immediate launched Visa Direct as a payment option, the near real-time method is already accounting for 50% of its payments.

article thumbnail

Nuvei Teams up With Microsoft to Streamline Payments for SMEs

Fintech News

This integration enables organisations worldwide to incorporate various payment methods, such as card payments and instant bank transfers, including ACH transactions in the U.S., into their existing Dynamics 365 Business Central module.

article thumbnail

Jack Henry and Victor Offer Embedded Payments Platform for Regional and Community Financial Institutions to Better Support Business Customers

Fintech Finance

The core integration allows for transaction-level, near real-time reconciliation, safeguarding the financial institution from clients spending funds they have not yet reconciled. The platform also provides a single source of truth for money movement and compliance reporting.

article thumbnail

Mastercard: COVID-19 Is Prompting Treasury Banks To Prioritize Digital Payments

PYMNTS

She added that as consumers lean on merchants, those merchants have started to lean on their banks to offer solutions that are faster and more convenient than simply moving money by check or ACH. The system can provide insurance-policy holders with claim payments in near real time using their preferred payment method.

article thumbnail

Mastercard Send Trials Metabank’s New Faster Payments Platform

PYMNTS

The Metabank payments platform also includes wire transfers, ACH origination and other payment services. This innovation will create real opportunity for our partners, ultimately enabling businesses to grow, be more efficient and issue payments more quickly,” said Sheree Thornsberry, Meta EVP and Head of Payments.