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. Same Day ACH and the card rails – both of which allow for money to move fast into consumer and business bank accounts for every consumer with a debit product.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

JANUARY 15, 2018

Separate data from NACHA found that of the 2 million same-day ACH transactions completed in the first 11 days of the service, just 6 percent were B2B payments; the rest were made up of B2C and P2P transactions. 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

DECEMBER 31, 2020

This is the case for nearly 40 percent of consumers making tuition payments, 35 percent of those paying their contractors, and 25 percent of those making P2P payments. percent more B2C merchants than B2B merchants offer discounts, for example, and 11.1 Key Data Points: Same-day ACH is used for only 29.2

Innovation 111

Innovation Online and Mobile Banking Real Time Payments Cross-Border 111

PYMNTS

SEPTEMBER 7, 2017

MN: We look at a wide range of sources for innovative ideas, from listening closely to our customers to learning from our consulting and implementation partners to following industry experts to drawing lessons from other startups and companies in other verticals, including the B2C world. We already see new capabilities, such as Same Day ACH.

Same Day ACH 46

Same Day ACH Fraud Detection Innovation Fraud Prevention 46

PYMNTS

FEBRUARY 22, 2017

The company launched Zelle in conjunction with Early Warning last year, enabling financial institutions to offer a secure P2P payments solution for their own customers, something Yabuki explained aims to help “bring bank-based P2P payments into the mainstream.”

NACHA 51

NACHA Same Day ACH ACH Innovation 51

PYMNTS

MARCH 2, 2016

The reason faster payments is so important, Proto said, is because the four major quadrants of the payments industry — P2P, B2B, B2C and C2B — are all beneficially impacted when it comes to the expedited movement of money and data. When it comes to P2P payments, Proto pointed to a shifting consumer mindset and, in turn, adoption.

Faster Payments 41

Faster Payments NACHA C2B P2P 41

PYMNTS

MARCH 7, 2016

And with multiple solutions facing the industry to enable this new capability: Same Day ACH will begin its Phase One rollout this fall. Early Warning, which bought clearXchange , is expanding its banking network to enable real-time solutions between banks for B2B, B2C, C2B and C2C solutions. Here in the U.S.,

Online and Mobile Banking 46

Online and Mobile Banking Payments Financial Inclusion Same Day ACH 46