Fintech Finance

MARCH 31, 2025

Transaction volume on the EPN ® system, the ACH network operated by The Clearing House Payments Company L.L.C., in 2024, continuing the trend of yearly ACH volume and value growth. ACH commercial volume last year. ACH volume has been growing across all user types and use cases. In 2024, the EPN system processed 20.7

ACH Network 59

ACH Network ACH Continuity Same Day ACH 59

Finovate

NOVEMBER 14, 2024

So far, the IPX solution has displaced 25% of same-day ACH transactions, with 53% fewer fraud losses compared to same-day ACH and an 83% reduction in operational overhead for P2P payment networks.” . “The IPX solution empowers our members to take control of their cash flow.

Credit Union 59

Credit Union Same Day ACH Credit Union Service Organization FedNow 59

Agile Payments

JANUARY 29, 2019

We receive regular inquiries from start-ups as well as established businesses that believe they have a killer app that can be the next Venmo or Zelle.

P2P 128

P2P Zelle Venmo Payments 128

PYMNTS

NOVEMBER 21, 2016

Same Day ACH payments are gaining traction right out of the gate, with nearly $5 billion and 3.8 And though the bulk of that took place though direct deposit activity (think payroll) and B2B transactions, P2P and consumer bill pay saw tens of thousands of payments. The numbers are in. That bodes well for Sezzle.

ACH 75

ACH Same Day ACH Online and Mobile Banking Payments 75

PYMNTS

JANUARY 26, 2017

The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, recently provided the Same Day ACH transaction volume data for September 23 to December 30, 2016. Direct deposit made up the largest segment of Same Day ACH transaction volume — some 52 percent, or 6.8 million transactions that totaled $5.9

Same Day ACH 54

Same Day ACH ACH Direct Deposit NACHA 54

PYMNTS

JANUARY 29, 2019

During the fourth quarter of 2018, ACH Network volume saw more growth than it has in the last decade, according to the National Automated Clearing House Association (NACHA), which noted same-day ACH payments also reached a new level. billion ACH payments happened in Q4 last year, including 3.5 Upwards of 5.9 billion credits.

ACH 65

ACH Same Day ACH ACH Network NACHA 65

PYMNTS

JUNE 18, 2019

The rise of Zelle , and any number of peer-to-peer (P2P) payment options, has increasingly brought consumers on board with the need for speed in payments — where settlement is marked by seconds and minutes, not hours or days. The rollout of Same Day ACH several years ago served to kick-start the process.”. RTP And RFP.

RTP 78

RTP P2P B2B RFP 78

PYMNTS

APRIL 5, 2019

SoLo Funds announced it has added a Mastercard integration so users can link their debit accounts to the peer-to-peer (P2P) lending platform.

P2P 66

P2P Visa Financial Literacy Online and Mobile Banking 66

PYMNTS

NOVEMBER 15, 2016

The Electronic Payments Association, NACHA, has released volume data tied to the first calendar month of same-day ACH transactions. As has been reported, October marks the first full month of activity following the September 23 implementation of Phase I of the Same Day ACH movement, with an attendant goal of making payments faster.

Same Day ACH 56

Same Day ACH NACHA ACH Direct Deposit 56

PYMNTS

SEPTEMBER 14, 2018

ACH Network volume surpassed 2 billion transactions in August, an increase of more than 10 percent compared to the previous year. The ACH Network is thriving, and has achieved a milestone of more than 2 billion payments in one month,” said Jane Larimer, chief operating officer of NACHA. billion ACH debit transactions and close to 2.4

NACHA 49

NACHA ACH Same Day ACH Volume 49

Clearly Payments

OCTOBER 31, 2024

Payment Method Description Processing Time Cost Use Cases Popular Examples Credit Cards Bank-issued cards for borrowing funds Instant Varies (2-3% for merchants) E-commerce, retail, travel Visa, Mastercard, American Express Debit Cards Draws directly from user’s bank account Instant Low to none for consumers Everyday purchases, ATMs, retail Visa Debit, (..)

Online and Mobile Banking 98

Online and Mobile Banking RTP BNPL Debit Card 98

Payments Source

FEBRUARY 25, 2021

Early Warning's person-to-person payment network predicts that faster settlement through The Clearing House's Real Time Payments will enhance its appeal.

Real Time Payments 128

Real Time Payments Zelle P2P Settlement 128

PYMNTS

APRIL 17, 2017

The Electronics Payment Association NACHA announced significant increases in the ACH Network transactions. billion | Amount of 2016 overall ACH monetary transactions. percent | Percentage increase of ACH transactions from 2015 to 2016. 52 percent | Percentage increase in number of ACH same-day direct deposits.

ACH Network 40

ACH Network ACH Direct Deposit NACHA 40

PYMNTS

APRIL 16, 2019

If you look outside B2B or B2C, or consumer P2P, they are needed just about anywhere,” he said of APIs. Goldsmith recounted that his own experience has been one of working with clearing house, ACH and real-time payment rails, and building one system to enable faster payments. For banks to be competitive, they need to provide APIs.”.

API 71

API P2P B2B Payment APIs and Integration 71

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

Same Day ACH 40

Same Day ACH NACHA ACH Direct Deposit 40

FICO

JULY 28, 2021

If your institution saw an increase in ACH transactions last year, you’re not alone. NACHA, the payments clearing house through which ACH transactions flow, reported a banner year in 2020, posting an 8.2% Additionally, ACH internet transactions rose 15% from 2019 to 2020. As it happens, 2020 was a banner year for ACH fraud, too.

NACHA 52

NACHA ACH Scams Account Validation 52

PYMNTS

JUNE 6, 2017

NACHA, with its Same Day ACH offering, is leading the charge for faster payments in the U.S., We’ll give a daily double for the first data point, as it’s number of ACH transactions, and the second is quoted in terms of dollars over the whole calendar year of 2016. Data Point One: 25 billion and $43 trillion. Data Point Two: 26 Million.

Same Day ACH 47

Same Day ACH ACH ACH Network NACHA 47

PYMNTS

SEPTEMBER 15, 2017

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. We’re seeing robust use of same-day ACH credits,” said Larimer. That assertion is backed up by the numbers.

Same Day ACH 48

Same Day ACH ACH NACHA Debit Transaction 48

PYMNTS

DECEMBER 10, 2019

Earlier this year the firm acquired Earthport , one of the world’s largest independently operated ACH networks. The additions to Visa Direct have been many and myriad of late.

P2P 72

P2P Push-to-Card Credential Payment APIs and Integration 72

PYMNTS

OCTOBER 4, 2017

The October edition of the PYMNTS Faster Payments Tracker™ , powered by NACHA, looks at notable developments in the global remittance market, including new real-time payment tools for SMBs, blockchain and the latest trends in faster payments infrastructures, including the recent rollout of Same Day ACH Phase 2.

Zelle 40

Zelle P2P Same Day ACH NACHA 40

PYMNTS

JANUARY 21, 2021

Nacha — which governs the Automated Clearing House (ACH) in the U.S. — Deep Dive: How P2P Payment App Providers Are Fending Off Fraudsters. Many bad actors are trying to scam victims into sending them payments via P2P apps, which the consumers are then unable to reclaim. Check out the story in the Tracker.

Real Time Payments 92

Real Time Payments RTP P2P Faster Payments 92

FICO

MARCH 27, 2017

Are banks truly ready for same-day ACH? Between the Same Day ACH initiative launch on September 23, 2016 and December 31, 2016, there were more than 13 million same-day ACH transactions. A significant 14% were person-to-person (P2P), a pretty astonishing amount for a brand-new payment type. ACH is a different animal.

Same Day ACH 40

Same Day ACH ACH AI Online and Mobile Banking 40

PYMNTS

APRIL 1, 2019

The movement toward faster payments and peer to peer (P2P) is, well, quickening. 23 billion: Number of payments the ACH network processed in 2018. percent: The growth in payments volume via the ACH network between 2017 and 2018. $40 23 billion: Number of payments the ACH network processed in 2018.

Instant Payments 72

Instant Payments ACH Network Real Time Payments Faster Payments 72

PYMNTS

MAY 3, 2017

Will adding a social media component, like the one offered by P2P service Venmo, push back against those awkward money requests among friends? Meanwhile, other companies are stepping up their investments in a variety of faster payment options, from blockchain-powered tools to P2P solutions to ACH. percent to 25.5

Faster Payments 42

Faster Payments P2P Venmo Use Case 42

PYMNTS

JULY 26, 2018

Venmo , the P2P service owned by PayPal , took in more than $14 billion in payments volume during the second quarter of 2018, a 78 percent year-over-year increase. Company officials also seemed pleased with their efforts to introduce more revenue-attracting services to Venmo — a positive sign for the spread of P2P payments as a whole.

Zelle 42

Zelle Venmo P2P PayPal 42

Stax

JULY 9, 2024

Key regulations governing EFT payments include the National Automated Clearing House Association (NACHA) rules, which establish guidelines for ACH transfers, and the Payment Card Industry Data Security Standard (PCI DSS), which sets security standards for handling card information. Q: How do businesses implement EFT payments?

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

Payment Savvy

NOVEMBER 9, 2022

These can include using a credit or debit card, an electronic check, or an ACH (Automated Clearing House) transfer. For businesses, your direct deposit service provider will typically set up ACH transfers to pay your employees. This is where peer-to-peer (P2P) payments come in. History of EFT Payments. Direct Deposit.

Online and Mobile Banking 98

Online and Mobile Banking Wire Transfer Direct Deposit ACH 98

PYMNTS

NOVEMBER 9, 2017

Fourteen months since the Phase 1 roll out, 43 percent of financial institutions (FIs) now allow businesses to originate same-day ACH credit. On the bright side, the percentage of FIs allowing consumers to push SDA credit payments – for both bill pay and peer-to-peer (P2P) applications – is expected to grow to 25 percent by the end of 2018.

Same Day ACH 41

Same Day ACH ACH NACHA Origination 41

PYMNTS

NOVEMBER 22, 2016

And in the latest installment of Data Drivers, statistics show that the recently launched Same Day ACH initiative has got businesses, and consumers, moving to manage cash flow on a daily basis, across a variety of use cases. That’s the dollar value of Same Day ACH transactions that NACHA saw across the network through the month of October.

Same Day ACH 65

Same Day ACH ACH NACHA Direct Deposit 65

PYMNTS

NOVEMBER 3, 2020

Desiring to access faster rails and the electricity around P2P transfers, consumers and businesses are driving the market’s obsession with speedier money during recovery. RTP Doing Its Part for a Quicker Recovery. And the market is responding with creativity, innovation … and velocity.

Real Time Payments 109

Real Time Payments RTP Same Day ACH Payer 109

PYMNTS

NOVEMBER 7, 2016

Such disruption and transformation can transcend use cases, said the executive, across B2B, B2C and P2P transactions. Conversely, added Galarza, “the B2B transformation hasn’t happened that fast” as the means are not quite there yet, having not been embraced by enterprise, which is still clinging to checks and ACH.

P2P 78

P2P Zelle B2C Venmo 78

PYMNTS

JULY 9, 2018

But what would happen if faster disbursements were combined with a (peer-to-peer) P2P service that is striving for more bank partners and customers? Ingo takes the disbursement files that these corporate disbursers would ordinarily send for ACH or check distribution and distributes those funds in real time.

Zelle 43

Zelle P2P Debit Card Online and Mobile Banking 43

PYMNTS

AUGUST 3, 2016

Ninety percent of the $10 trillion “push” payments market opportunity is concentrated in a variety of disbursements made between businesses and consumers that today rely on cash, checks and ACH to move money between those parties. P2P, while important, is only the tip of that very large $10 trillion funds disbursement iceberg.

P2P 50

P2P Debit Card ACH Ubiquitous 50

PYMNTS

MARCH 19, 2019

since the launch of the Automated Clearing House (ACH) nearly 40 years earlier. On top of real-time payments platforms, new settlement methods – including mobile wallets and P2P payments providers – enable users to use either cards or ACH transfers to quickly send funds. P2P Vulnerabilities. In the U.S.,

Faster Payments 56

Faster Payments Real Time Payments Zelle P2P 56

PYMNTS

JANUARY 15, 2018

6 percent: the portion of same-day ACH volume that constituted B2B payments during the first 11 days of NACHA’s launch of the service. That means the remaining were B2C and P2P transactions, representing a major gap — and opportunity — for B2B FinTech, payment and API companies to step in and expand use of the faster payment service.

API 77

API B2B Same Day ACH Payment APIs and Integration 77

PYMNTS

NOVEMBER 30, 2020

When people began experiencing the joy of instant peer-to-peer (P2P) payments a few short years ago, the genie was out of the bottle. Banks are moving away from their legacy payment platforms to make real-time payments a reality, and even third-party P2P services are integrating with networks to send funds faster.”.

Real Time Payments 68

Real Time Payments RTP Payroll P2P 68

PYMNTS

AUGUST 12, 2019

Senator Elizabeth Warren asks in a campaign ad, ignoring the fact that 93 percent of working Americans have their checks directly deposited into their bank accounts – ready for use on payday – using the ACH network. Ironically, perhaps, the ACH network’s first direct deposit use case was the U.S.

Real Time Payments 78

Real Time Payments FedNow TCH Fed 78