PYMNTS

FEBRUARY 19, 2019

When NACHA first released its Same Day ACH capability, only about 6 percent of the first 2 million transactions made in the service’s first 11 days were B2B payments. is a lack of remittance data, he said. where he doesn’t see the same type of regulatory pressure on late payers that the U.K.

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Faster Payments Accounts Remittance Data Same Day ACH 75

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

DECEMBER 24, 2020

Some payers had to limit the operations of their mailrooms. These practitioners receive funds more swiftly and securely when the money is delivered via ACH and electronic funds transfers (EFTs), and Schoen said those methods also make it easier to process the associated data.

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B2B Electronic Funds Transfer (EFT) Payments Payer 102

PYMNTS

JUNE 29, 2018

” Remittance data, linked to payments between providers and insurance players, is critical on both ends of the transaction. ” In verticals like healthcare, claim data can be dozens of pages long and, at present, the market struggles with transmitting that information efficiently whenever payments are made.

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Faster Payments Same Day ACH ACH Remittance Data 40

PYMNTS

OCTOBER 23, 2017

And while industry experts agree there are payment rails far better than checks — like ACH and virtual cards — making the switch isn’t just about presenting a better option to corporate payers. That doesn’t mean B2B payers and payees should be complacent in sticking with the paper check, though.

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B2B Payee ACH Payer 45

PYMNTS

OCTOBER 31, 2019

It’s great to get a check, or wire, or ACH, but if you don’t know what it’s to be applied to, you have a huge cash application and reconciliation challenge.”. He did note, however, that he is “very optimistic” about the emergence of new payment services able to move remittance data along with funds. The Path to Integration.

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Lockbox Remittance Data Checks RTP 43

PYMNTS

AUGUST 3, 2017

A report released by the Federal Reserve last month revealed news that checks and ACH surpassed use of credit and debit cards among business payers, while separate data from NACHA released in June found cards make up just 11 percent of all B2B payments. Maybe you’re not willing to pay the wire transfer fees for every payment.

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Cash Management Commercial Card Push-to-Card B2B 43