Payment Savvy

MAY 16, 2023

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.

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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. Zero FIs have reported an increase in fraud due to SDA products.

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FICO

MARCH 27, 2017

Today could be that day. 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. ACH is a different animal. How to fight back.

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PYMNTS

NOVEMBER 2, 2018

1) that automated clearing house (ACH) payments totaled more than 5.6 The ACH network is thriving,” said Jane Larimer, chief operating officer of NACHA, in the press release. “Governments, financial institutions, businesses and consumers are all reaping the benefits the ACH network provides.”. “The billion, which is a 3.7

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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

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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.

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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

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Stax

APRIL 23, 2024

ACH payments are a convenient way for business owners, individuals, and employers to use intuitive automated banking throughout their daily lives. Most small business owners and employers are turning to ACH payments instead paper check payments because of the ease and instant access the ACH network provides.

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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

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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. million in direct deposit [across Same Day ACH] … it’s a bit more than what I thought.

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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.”.

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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. Even more recent data from NACHA, released last week, said same-day ACH transactions accounted for $87.1

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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.

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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.

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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. and one of two operators of the ACH network in the U.S., Then came PayPal’s debut of Instant Transfer to Bank. A Couple of Important Dots.

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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.

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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.

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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.

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PYMNTS

MAY 9, 2018

Across the board, merchants and consumers are embracing a faster payments world, as seen by the spike in Same Day ACH transactions. And the need for speed is visible around the world as consumers work to make P2P payments viable across borders. $37 75 million : The number of Same Day ACH transactions processed in 2017.

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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.

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PYMNTS

FEBRUARY 11, 2019

NACHA and Same Day ACH debuted EXACT DATE to enable same-day settlements through three settlement windows, and are currently exploring options to extend that availability on weekends and holidays. Now, we have checks, we have wires, we have ACH. The Use Cases.

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Finovate

OCTOBER 15, 2024

The company also helps third-party organizations across various industries integrate instant payments with traditional payment tools into their existing payment and money movement use cases including A2A, P2P, Bill Payment, B2B and B2C disbursements. Launching Payfinia will help Tyfone further build on the instant payments experience.

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PYMNTS

JANUARY 15, 2018

Last June, NACHA and the Credit Research Foundation said that at present, paper checks make up half of B2B transactions received in the accounts receivable department; ACH accounts for less than a third. Further, in NACHA’s most recent update on same-day ACH volume – which found $87.1

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PYMNTS

NOVEMBER 6, 2018

Recently, NACHA — The Electronic Payments Association approved three new rules to update Same Day ACH services. Such was the case in Hong Kong, where the existing RTGS system was only serving high-value interbank transactions, leaving peer-to-peer (P2P) and consumer-to-business (C2B) payments to languish.

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PYMNTS

JUNE 25, 2019

The second (and concurrent) leg of strategy will be to tokenize existing transaction flows, notably account-to-account activity, which includes ACH, Same Day ACH and real-time payment transactions. Ripple Effects. Tokenization can certainly help drive more confidence,” though it may not be a primary driver.

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PYMNTS

MAY 10, 2018

The company announced news on Wednesday (May 9) that it is launching its Payment Account Tokenization solution to combat fraud in direct credit, direct debit and person-to-person (P2P) payments. Data from NACHA, however, found no increase in fraud reported by banks since the rollout of Same Day ACH last year.

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PYMNTS

OCTOBER 2, 2019

It’s become commonplace, he said, for consumers to expect peer-to-peer (P2P) transactions to be conducted with lightning speed — whether during a dinner outing, paying for a babysitter or paying the lawn care service. So, from the beginning, start with the individual consumer. How is this different than a wire?

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PYMNTS

DECEMBER 5, 2017

Direct deposits, push payments, eWallets, same-day ACH transfers, PayPal, Zelle and myriad other platforms and tools are now second nature. B2C, C2B, B2B and P2P: There are many ways that individuals and companies need to move money, and some have advanced more than others as agile new players enter the race.

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PYMNTS

OCTOBER 8, 2018

Those payments are made largely over rails that have been in place for decades: the bank, ACH and wire rails and via a payment method that has existed for centuries — the good, old-fashioned paper check. P2P has made it possible for accountholders to transfer money using only their mobile phone number to do so — and do it safely.

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PYMNTS

AUGUST 2, 2018

As Americans increasingly turn to their mobile devices to instantly pay through peer-to-peer (P2P) services like Venmo and Zelle, the act of writing a check or heading to the ATM for quick cash is becoming a thing of the past. P2P Payments To Power Loans. P2P technology isn’t alone in changing the lending industry, however.

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PYMNTS

SEPTEMBER 17, 2018

my upholstery guy has a bank account and, in theory, sending him money via a peer-to-peer (P2P) network that can enable receipt across any bank in the U.S. Same Day ACH leverages existing rails to enable same-day funds availability, discussing options to expand their settlement windows.

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PYMNTS

APRIL 5, 2018

Still, companies are approaching gig payments — along with peer-to-peer (P2P) payments — in new ways to help speed up disbursements. The volume of same-day automated clearing house (ACH) transactions is expected to rise over the coming months. With the rise of Same Day ACH, FIs surveyed have not seen an increase in fraud.

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PYMNTS

MAY 4, 2018

Payments are moving toward greater speed, efficiency and choice – and in P2P payments, that’s led to the rise of financial technology giants. “P2P payments has not only one, but multiple ten-thousand-pound gorillas,” said Spottiswood. “B2B payments innovation seems to fall behind B2C and P2P,” she said.

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PYMNTS

FEBRUARY 22, 2017

This year, Fiserv is nominated for yet another PYMNTS Innovation Project award, this time for the NACHA Best Innovation in ACH Award. ” Fiserv is yet again nominated for a PYMNTS Innovation Project Award , this time for the NACHA Best Innovation in ACH Award. .

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PYMNTS

MAY 4, 2017

In the P2P space, this means consumers these days have the ability to settle bills and deliver money to friends and family, well, fast. According to recent data , the Same Day ACH offering was used to make 1.8 million P2P transactions totaling $1.2 million P2P transactions totaling $1.2

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PYMNTS

JANUARY 16, 2020

Open banking and its promise of more elasticity in finance is enabled by application program interfaces (APIs) — lines of code that execute everything from simple peer-to-peer (P2P) transfers to industrial-sized B2B real-time payments.

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PYMNTS

OCTOBER 29, 2020

Firms are also looking at options like same-day ACH and The Clearing House 's RTP network as they explore how to speed up B2B transactions. Same-day ACH may appeal to some companies, while the RTP network suits others, for example. Inside Businesses’ Faster Payments Selections.

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