PYMNTS

SEPTEMBER 21, 2016

Same Day ACH is ready for its debut at the end of the week, and for some, its launch signals the next step for the payments industry to become faster and more digital. But a new report finds that, even as Same Day ACH is fast-approaching, businesses are actually increasing their use of paper checks.

Same Day ACH 76

Same Day ACH ACH Checks B2B 76

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

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. With faster payments functionality beginning to take off in the U.S.,

Faster Payments 75

Faster Payments Accounts Remittance Data Same Day ACH 75

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. There’s nothing more valuable than remittance data. This is what businesses are asking for.

Remittance Data 69

Remittance Data Same Day ACH ACH B2B 69

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.

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

PYMNTS

JULY 21, 2017

Receivable Savvy’s report found 87 percent of suppliers receive payment via paper check, with ACH coming in second (72 percent) and card in third (61 percent). That’s despite 59 percent of suppliers saying their top preference is ACH, and about a quarter saying they prefer to be paid via check.

Checks 47

Checks ACH Payments Same Day ACH 47

PYMNTS

OCTOBER 23, 2019

Below, PYMNTS looks at the latest solutions that take one of those two paths as innovators address friction in checks, ACH and other rails. It’s both a show of support for a new rail like RTP, as well as for the strategy to improve upon legacy rails like ACH. s first new payment rail since ACH launched in 1974.

Faster Payments 40

Faster Payments B2B RTP ACH 40