PYMNTS

JANUARY 18, 2018

The volume of same-day automated clearing house (ACH) transactions is expected to rise over the coming months, BusinessInsider reported. According to a NACHA survey, 82 percent of financial institutions surveyed anticipate that Same Day ACH debit volume will grow at a rapid or steady rate.

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PYMNTS

DECEMBER 13, 2017

In an age where faster is a hallmark of, well, everything, it follows that the same should be true of payments. based financial institutions (FIs) offer same-day credits. As the survey was primarily administered to small community banks and credit unions, this is a significant finding.

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PYMNTS

MARCH 9, 2020

TCH paid particular attention to community banks’ and credit unions’ abilities to connect with faster payment schemes. A successful new rail] couldn’t just be something that’s a little faster than same-day ACH,” he explained. That [arrangement] was never going to fly in the U.S.”.

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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. Then came PayPal’s debut of Instant Transfer to Bank. And finally, that the banks and the card networks are the big losers. as of January 2019.

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PYMNTS

FEBRUARY 4, 2019

Consumers may find it easy to pull out cards, but this system doesn’t work as well for retailers, who must wait one to three days for those payments to process. . Use of Same Day ACH (SDA) — overseen by NACHA (The Electronic Payments Association) and the Federal Reserve — has risen. Faster Rails.

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PYMNTS

DECEMBER 13, 2017

The data speaks to small businesses’ trust in the banking infrastructure, even if they’re dissatisfied with the services they receive from traditional financial institutions (FIs). 14 | The number of months that have passed since the first phase of Same Day ACH credits debuted. Here are the numbers: $42.5

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PYMNTS

JULY 3, 2017

As always, Sullivan said, the event was popular for NACHA’s member institutions, since its outcomes directly affect every large, medium, or small bank and credit union in the nation. The CHOICE Act rolls back regulations that Sullivan said can pin down a community bank and prevent it from serving its function.

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