Remove Consumer Remove Good Funds Remove NACHA
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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

This new feature, available to PayPal customers in good standing, leverages the company’s partnership with Chase, and Chase’s connection to The Clearing House’s RTP network, to move money instantly into the bank accounts of consumers and SMBs. That’s roughly 95 percent of consumers in the U.S., A Couple of Important Dots.

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The Big Tech Canary In The Faster Payments Coal Mine

PYMNTS

The letter highlighted that access to the payments systems today is only possible through incumbent intermediaries – the banks and the card networks – which have not kept pace with the needs of consumers and businesses. NACHA was able to get all 13,000 banks in the U.S. are moving faster than they ever have.

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The Roil Over B2B Payments Rails

PYMNTS

NACHA is examining additional windows for weekends and has increased the limits for how much money can be sent over those same-day ACH rails. Instead, it’s a lack of certainty that good funds are on the way — and when they’re expected to arrive. The rules of the existing rails have been modernized too.

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How Uncertainty Kills Commerce

PYMNTS

On a more pragmatic level, this study and the notion of sunk cost speaks to one of the biggest frictions that consumers and businesses — and mice too, if they had to shop and pay for stuff — face across the commerce landscape. Today, consumers and businesses spend a lot of time waiting for things. consumers spent waiting.