PYMNTS

DECEMBER 13, 2017

In an age where faster is a hallmark of, well, everything, it follows that the same should be true of payments. Said Herd, additional findings reveal that there are some institutions that would like to offer Same Day ACH to their customers, but the processors or vendors that they rely on haven’t enabled it yet.

Same Day ACH 40

Same Day ACH ACH NACHA Payroll 40

PYMNTS

NOVEMBER 5, 2018

NACHA released new statistics late last week on growth of ACH transaction volume in the U.S. According to the firm, B2B transactions were a key driver of ACH transaction growth in the third quarter of the year, leading NACHA Chief Operating Officer Jane Larimer to describe the ACH Network as “thriving.”. In all, more than 3.3

Small Business 68

Small Business Same Day ACH Wire Transfer NACHA 68

PYMNTS

JUNE 30, 2017

There’s another catch, though: While Bill.com facilitates ACH payments, it also announced news that it would support paper check payments made by SMEs by producing and mailing out checks to payees on behalf of SME users. Within six to nine months on the system, they move to about 50-plus percent ACH payments.”.

ACH 61

ACH Checks Small Business Same Day ACH 61

PYMNTS

SEPTEMBER 2, 2016

Not only are Same Day ACH payments on the way, but they are expected to have huge impacts on the way payments are made throughout the payments landscape. As we learned in last week’s installment of the Countdown to Same Day ACH podcast series, the first phase of the Same Day ACH initiative launches on Sept.

Faster Payments 42

Faster Payments Same Day ACH ACH ACH Network 42

PYMNTS

FEBRUARY 6, 2018

From employers who use the service for direct-deposit payments to landlords and utility companies that use it to collect rent or monthly bills, same-day ACH has been gaining in popularity and putting a variety of payment types in the fast lane. local time on the day a transfer is initiated, goes live in March.

Same Day ACH 43

Same Day ACH Faster Payments ACH NACHA 43

PYMNTS

OCTOBER 3, 2017

The discussion took place as NACHA unveiled Phase Two of its Same Day ACH initiative, debuting same-day debits with an eye on settling bill payments with speed and security. Firms in those industires can look to faster ACH payment options as a cost-effective and customer satisfying alternative to card payments.

Faster Payments 49

Faster Payments Same Day ACH Demand Deposit Account (DDA) ACH 49

PYMNTS

OCTOBER 30, 2020

The demand for faster payments is ringing louder than ever during the economic downturn. Corporate buyers that pay vendors, meanwhile, might seek to satisfy these business partners by delivering money via same-day ACH or over the RTP network. Is getting those funds same day important to them?

Faster Payments 59

Faster Payments Payments Tools RTP Same Day ACH 59

PYMNTS

JULY 6, 2017

With the speed of payments accelerating and Same Day ACH initiatives continuing to roll out, NACHA has pulled together a group of industry experts to explore API standardization as a way to facilitate faster payment speeds and greater transaction security, among other use cases.

API 79

API Same Day ACH NACHA ACH 79

PYMNTS

JULY 28, 2017

The good news is that Same Day ACH is on the way, but experts continue to discuss how the initiative will impact corporate payments, if at all. At the center of many of these discussions is the issue of ACH underwriting, which sees FIs establish how long it takes for funds to actually settle into an account.

Same Day ACH 41

Same Day ACH ACH Underwriting Payments 41

PYMNTS

DECEMBER 12, 2017

Federal Reserve made its own progress in exploring how the nation’s regulatory environment can support faster payments progress while maintaining security, while NACHA offered up some new data on same-day ACH volume growth in the country. billion in funds transferred using Same Day ACH, an average of $650 per transaction.

Faster Payments 48

Faster Payments Same Day ACH B2B Zelle 48

PYMNTS

APRIL 26, 2016

DeCosmo said the demand to have answers decided upon instantaneously is more compelling for lenders than some of the more specific use cases available, such as credit risk, fraud risk, customer operations or fraud defense. She wondered how this might impact, if at all, Enova Decisions’ ACH product offering.

ACH 44

ACH Payments Same Day ACH Use Case 44

PYMNTS

DECEMBER 8, 2016

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. In October alone, the ACH Network processed nearly $5 billion in 3.8

Faster Payments 69

Faster Payments Same Day ACH ACH NACHA 69

PYMNTS

SEPTEMBER 26, 2016

Using FIS-run PayNetExchange to process ACH, checks and virtual cards and using Comdata to issue Mastercard commercial cards, Corcentric pulls in payment capabilities across a range of rails to support the last mile of the B2B transaction. From sourcing to invoicing, B2B transactions involve a lot of steps before the actual payment.

B2B 65

B2B Same Day ACH ACH Commercial Card 65

PYMNTS

JUNE 29, 2018

Peters noted that it is a step in the right direction for this market — a multi-trillion dollar segment of the insurance space — to embrace digital data, but emphasized that the movement of data remains separate from the movement of funds, even if healthcare providers and insurance firms adopt electronic payment rails like ACH.

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

PYMNTS

OCTOBER 1, 2020

Yet, many of those disbursements are neither digital nor instant and available for consumers and microbusinesses to access and spend on demand, PYMNTS’ latest Disbursements Satisfactory Report found. Consumers might not recognize similar payment options as distinct from each other, like standard ACH and same-day ACH.

Instant Payments 122

Instant Payments Payee Same Day ACH Non-Bank 122

PYMNTS

JUNE 25, 2018

“The growth of real-time payments and the demand for contextually relevant data that can be used by consumers, banks and billers means bill payment services now need to focus on changing how payments fundamentally work and how they integrate into the broader experience,” said David Albertazzi, a senior analyst at Aite Group who worked on the report.

Same Day ACH 43

Same Day ACH Consumer ACH NACHA 43

PYMNTS

AUGUST 30, 2018

As more companies go global and engage in cross-border trade, these rails will face increased demand to efficiently deliver money, and there will be a growing need for the adoption of a common protocol to improve interoperability between payment systems, opening doors for new players to expand their reach. In the U.S.,

Same Day ACH 40

Same Day ACH Cross-Border ACH SWIFT 40

PYMNTS

OCTOBER 14, 2019

Following its launch of same-day ACH credits in 2016, Paychex said it will introduce support for real-time deposits of earned wages into employees’ bank accounts. The capability, which will go live early next year, will operate on an unnamed real-time payment network rail, Paychex noted.

Real Time Payments 76

Real Time Payments Same Day ACH Payroll Payments 76

PYMNTS

FEBRUARY 25, 2020

The drive to digitize B2B transactions with technologies like virtual cards and ACH can certainly connect businesses to more transactional information, however rarely is that data moved seamlessly and with enough context. It’s for these reasons that emerging payment methods like ACH can actually add burden to business operations.

Remittance Data 69

Remittance Data Same Day ACH ACH B2B 69

PYMNTS

MARCH 18, 2019

First, there was the Fed’s decision to slow faster payments progress via Same Day ACH because it wasn’t ready to approve another processing window during the day. Take two announcements from just last week, related to the evolution of faster payments in the U.S. Then came PayPal’s debut of Instant Transfer to Bank.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

FEBRUARY 21, 2017

As for the Same Day ACH initiative launched late last year, the executive noted that employers can complete critical deposits, such as payroll, done without errors or delays. We dream big here,” she said, adding that “the worst that is going to happen is that someone tells us no.”.

Faster Payments 51

Faster Payments Same Day ACH NACHA Credit Union 51

PYMNTS

NOVEMBER 3, 2016

Today’s consumers increasingly expect payments to be processed quicker than ever before, and insurance companies are turning to newly introduced faster payment initiatives, such as Same Day ACH, to accommodate the demand. When Hurricane Matthew’s Category 5 bluster wreaked havoc on U.S.

Faster Payments 72

Faster Payments Same Day ACH ACH Payments 72

PYMNTS

SEPTEMBER 26, 2016

Same Day ACH is now a reality and, with much fanfare, represents the first ubiquitous faster payments initiative in the United States without an attendant regulatory mandate. But as Karen Webster noted in the latest installment of Topic TBD, even as faster payments takes a step closer to reality in the U.S.,

Same Day ACH 71

Same Day ACH Faster Payments Ubiquitous ACH 71

PYMNTS

AUGUST 24, 2016

From Same Day ACH to paycard controversies , a few recent news stories have placed payroll in center stage. workers surveyed receive funds from their paychecks in less than a day, with the majority of employees (81 percent) getting paid via direct deposit. 25), reveals that more than a third (36 percent) of U.S.

Faster Payments 42

Faster Payments Same Day ACH Payroll On-Demand 42

PYMNTS

NOVEMBER 6, 2018

Demand is also heating up for real-time gross settlement (RTGS) systems. Recently, NACHA — The Electronic Payments Association approved three new rules to update Same Day ACH services. By September of this year, 40 such rails were live, with 16 more expected to launch by early 2020. Faster Payments.

Faster Payments 53

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

PYMNTS

JANUARY 15, 2018

A notoriously clumsy, friction-filled industry, B2B transactions must forge new paths to boost efficiency as businesses demand global solutions, speed and transparency. Further, in NACHA’s most recent update on same-day ACH volume – which found $87.1

B2B 55

B2B Innovation Same Day ACH NACHA 55

PYMNTS

NOVEMBER 3, 2020

With real-time payments becoming more real every day, awareness is climbing – and with it, so is demand. The appetite for new payments approaches is only growing, with The Clearing House (TCH) reporting that 400 more FIs have already gained technical access to the RTP network.”.

Real Time Payments 109

Real Time Payments RTP Same Day ACH Payer 109

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. demand for faster payment capabilities, too. demand for faster payment capabilities, too.

Faster Payments 73

Faster Payments Money Laundering Same Day ACH AML 73

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. Retailers and merchants — big and small — have come running to the tech. AR/VR technology itself is not all that new.

Same Day ACH 77

Same Day ACH ACH NACHA Money Laundering 77

PYMNTS

MARCH 9, 2020

Payers have to know that payees will accept certain payment methods before making purchases, and payees do not want to invest until they know payment instruments are in demand. A successful new rail] couldn’t just be something that’s a little faster than same-day ACH,” he explained.

RTP 81

RTP TCH ISO 20022 Real Time Payments 81

PYMNTS

MARCH 20, 2018

The publication noted, however, that some critics say Australia’s financial services market is unable to meet the demand for robust anti-fraud practices even within accelerated payments. Same Day ACH limits transaction values to $25,000. These will continue to be in place with the NPP.”. In the U.S., Customers’ Role.

Faster Payments 46

Faster Payments Central Bank Risk Same Day ACH 46

PYMNTS

JANUARY 23, 2018

It’s also true that B2B payments players anticipate the paper check to eventually fall to second place, with corporates instead turning to ACH to pay suppliers. NACHA analysis found accounts receivables professionals predict ACH will surpass checks in the next few years. The expansion of ACH across the U.S.,

Remote Deposit Capture 43

Remote Deposit Capture Checks Same Day ACH ACH 43

PYMNTS

JANUARY 8, 2021

When we saw there was demand [to increase] the original limit of $25,000, and we saw that we could raise it safely and effectively, we were happy to do that,” Whisler noted. As far as fees are concerned, she explained that existing competition from other providers, card networks and same-day ACH will likely keep fees in line. “To

RTP 139

RTP TCH Funding Agent Continuing Education 139

PYMNTS

DECEMBER 11, 2017

” With the creation of AeroPay Express , the company is marketing its solution as a virtual credit card – but in reality, the solution uses ACH payment rails. “[Same-day ACH] is going to be tremendously useful,” Troy said. “[Same-day ACH] is going to be tremendously useful,” Troy said.

Finance 43

Finance Same Day ACH ACH Credit Cards 43

PYMNTS

DECEMBER 4, 2019

Not only does that figure represent the growing demand among businesses for faster, more agile and more transparent ways to move funds across borders, it also reflects the financial services industry’s willingness to embrace something other than legacy payment networks to facilitate that demand. HSBC Loops Into RTP.

B2B 52

B2B RTP Cross-Border FPC 52

PYMNTS

JANUARY 21, 2019

That was the day that an advocacy group, Financial Innovation Now (FIN), submitted a public comment letter to the Fed in response to its proposal to create and operate a real-time payments system in the U.S. Oddly, the push for faster payments also comes at the same time when payments in the U.S. It flew in on Dec. Could it be better?

Faster Payments 77

Faster Payments Same Day ACH Fed Real Time Payments 77

PYMNTS

OCTOBER 5, 2016

. “People are interested in driving more payments onto their commercial cards, for obvious reasons,” the CEO stated, citing not only the rewards and benefits a payer can rack up by using their credit card but also the cash flow component that enables a company to extend payment terms by 15–30 days. Convincing Suppliers.

Accounts 73

Accounts Commercial Card Push-to-Card ACH 73