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OnDeck Launches Same-Day ACH Service For SMB Borrowers

PYMNTS

In an announcement on Friday (April 5), OnDeck announced the rollout of its Same-Day ACH transfer functionality, enabling small businesses who have term loans or lines of credit with OnDeck to receive funds on the same day they draw on their lines of credit. on a business day. .

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Real-Time Payments Driving Real-Time Liquidity: Deutsche Bank

PYMNTS

In its latest report, “ Preparing for real-time liquidity ,” Deutsche Bank acknowledged that the value caps on schemes like Faster Payments and Same Day ACH limit the applicability of these trends for corporate payers. Yet, as these caps rise across the globe, treasurers are likely to see disruption.

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The Big Tech Canary In The Faster Payments Coal Mine

PYMNTS

In that world, the “legacy players” whose infrastructure has built the massive customer bases and driven the massive growth and market caps of the FinTechs over the last two decades could become the dumb pipes of payments. Oddly, the push for faster payments also comes at the same time when payments in the U.S.

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Understanding the Maximum ACH Transfer Limit

EBizCharge

These reliable and cost-effective transfers are integral to the modern financial landscape, facilitating high-volume, low-cost transactions that are often processed on a next-day or same-day ACH transfer basis. That said, ACH transfers do come with some limitations. What is an ACH transfer limit?

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Yahoo Fizzles With History’s Biggest Data Breach

PYMNTS

Same Day ACH Is Here. But in less than 18 months after NACHA members approved Same-Day ACH functionality for all of the banks in the U.S., But in less than 18 months after NACHA members approved Same-Day ACH functionality for all of the banks in the U.S.,

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How Corporates Are Driving US RTP Adoption

PYMNTS

to fully embrace real-time payments for both B2B and B2C activity,” Bottomline Technologies Vice President of Product Management and Strategic Solutions Jessica Cheney told PYMNTS in a recent interview , pointing to the previous rollout of Same-Day ACH and an acceleration of FinTech innovation in the country.

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ACH vs. Wire Transfers: Which Is Right for You?

Nanonets

In contrast, ACH transactions may take 3 to 4 business days to settle due to the need for batching and clearance processes, which introduce delays in fund transfers. Cost - Wire transfers have substantially higher fees compared to ACH payments. An ACH transfer usually falls between $0.2