PYMNTS

JUNE 6, 2017

NACHA, with its Same Day ACH offering, is leading the charge for faster payments in the U.S., This is the number of Same Day ACH transactions that flowed over the ACH network since launch in September of 2016. When we look at same day, it is over half. How fast is fast enough?

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PYMNTS

SEPTEMBER 15, 2017

For NACHA, there’s a rollout of a different sort, with far-reaching impact on how, who and when consumers and enterprises see funds flow. In an interview with PYMNTS’ Karen Webster, Jane Larimer , chief operating officer at NACHA , said that the implementation of Phase 1 of Same Day ACH has gone smoothly, with a live debut last September.

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PYMNTS

JANUARY 25, 2017

The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, just released findings from the Same Day ACH transaction volume data for Sept. Same Day ACH is an industry initiative toward faster payments. Direct Deposit comprised 52 percent of Same Day ACH volume, or 6.8

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PYMNTS

MAY 3, 2016

And while businesses, consumers and FinServ players are all fueling this direction of the payments landscape, the banks, it turns out, aren’t as excited about faster payments as their customers are. Same Day ACH is slated to see its first rollouts among U.S. We haven’t seen the first rollouts [of Same Day ACH] yet.

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PYMNTS

AUGUST 24, 2017

There’s much to look forward to as the September rollout of Phase 2 of Same Day ACH (Debit Pull) looms, but David Barnhardt, executive vice president of full-service payment and verification solutions provider GIACT , thinks there’s just as much reason for caution. “I Don’t Be Used by Use Cases.

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PYMNTS

NOVEMBER 9, 2017

Fourteen months since the Phase 1 roll out, 43 percent of financial institutions (FIs) now allow businesses to originate same-day ACH credit. Meanwhile, fewer than six percent of FIs currently offer SDA credit applications to consumers, either due to a lack of demand or simply because they haven’t yet implemented SDA solutions.

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PYMNTS

MAY 7, 2018

With Same-Day ACH now a reality in the U.S., In its analysis of the Same-Day ACH rollout, NACHA found no evidence that it led to an increase in fraud attempts or successful breaches. But Peace noted that tools like those offered by ACH Alert are just part of the fraud detection puzzle.

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PYMNTS

APRIL 17, 2017

According to the data, the number of ACH transactions in 2016 topped 25.6 2016 marked a significant year for the continued evolution and growth of the ACH Network,” said NACHA President and CEO Janet O. And it is this versatility that makes ACH payments a valued payment type and supports the continued growth of the ACH network.

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PYMNTS

AUGUST 4, 2016

Phase One of Same Day ACH will officially launch in the U.S. It was then that NACHA proposed the shift to settling three times a day, ve days per week, to give consumers and businesses access to more efficient transactions. In just a few weeks, all U.S. Final steps toward Faster Payments.

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PYMNTS

SEPTEMBER 9, 2016

With the Same Day ACH rollout coming in just two weeks and other faster payments initiatives taking off, financial institutions are taking significant steps to ensure the transition to a faster processing environment, including improving their payment security platforms to keep fraudsters at bay. Impact On Same Day ACH Rollout.

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FICO

MARCH 27, 2017

Are banks truly ready for same-day ACH? Between the Same Day ACH initiative launch on September 23, 2016 and December 31, 2016, there were more than 13 million same-day ACH transactions. Keep up with my payments views on Groundhog Day, and every day, on my Twitter feed.

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PYMNTS

NOVEMBER 9, 2017

In a world of evolving technology and instant offerings, financial institutions (FIs), cybersecurity providers, merchants and consumers must all remain aware of the innovative solutions popping up around them — and the bad actors looking to take advantage. 50 percent | Percentage of surveyed U.S.

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PYMNTS

DECEMBER 12, 2017

2 million | Number of Same Day ACH transactions made in the first 11 days of Same Day ACH’s availability, according to NACHA’s statistics. Those statistics also stated more than 178,000 Same Day ACH transactions were made per day, accounting for a total of approximately $1.5

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PYMNTS

AUGUST 3, 2016

Same Day ACH has been a focus for banks since it was proposed in early 2014. will be able to accept Same Day payments, with the option to originate them. 23 to go smoothly is that the ACH network is already being used by banks and consumers. Now, it’s coming to life.

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PYMNTS

JANUARY 28, 2020

Businesses and consumers often want to send higher value payments and the $100,000 limit helps to address their needs.”. billion transactions were completed on the ACH Network in the fourth quarter of last year, an 8.1 Same Day ACH spiked an impressive 39 percent during Q4, hitting 71.3 percent year over year.

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PYMNTS

FEBRUARY 19, 2019

“The results for 2018 make clear that the ACH Network is vibrant and continues to be a vital component of the nation’s economic engine,” NACHA Chief Operating Officer Jane Larimer said in the press release. According to NACHA, ACH Network volume hit close to 23 billion payments in 2018, marking a year-over-year increase of 6.9

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PYMNTS

NOVEMBER 10, 2017

One thing’s for sure: Whether or not it ever becomes a sizzle, it’s an interesting test of just how far consumers are willing to stretch the definition of Amazon as a trusted commerce partner. Same-day ACH: Some encouraging stats from joint research from NACHA and PYMNTS. Speed, it seems, thrills.

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PYMNTS

SEPTEMBER 23, 2016

More than 40 years after its debut, the Automated Clearing House Network becomes the first payments system in the country to offer ubiquitous faster payments to every consumer and business in the U.S. is now capable of receiving and enabling this same-day capability. via all banks and credit unions. Today (Sept.

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PYMNTS

OCTOBER 4, 2020

Nonprofit Nacha , which enables Automated Clearing House ( ACH ) payments, has adopted eight new amendments to the Nacha Operating Rules that a press release said will help to modernize the payment style. The amendments concern Same Day ACH and new ways of making ACH payments easier to use, the release stated.

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PYMNTS

NOVEMBER 22, 2016

And in the latest installment of Data Drivers, statistics show that the recently launched Same Day ACH initiative has got businesses, and consumers, moving to manage cash flow on a daily basis, across a variety of use cases. million in direct deposit [across Same Day ACH] … it’s a bit more than what I thought.

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PYMNTS

NOVEMBER 5, 2018

“Governments, financial institutions, businesses and consumers are all reaping the benefits the ACH Network provides,” Larimer said in a statement. More people than ever are benefitting from Same Day ACH. billion ACH debit and nearly 2.3 In all, more than 3.3 NACHA said 43.2

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PYMNTS

DECEMBER 10, 2020

Consumers and microbusinesses have access to many disbursement options, yet they receive a significant share through legacy methods such as paper checks or digital methods that are non-instant. percent of consumers and 42.5 percent of Generation X consumers are unfamiliar with instant payments, while only 39.3

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PYMNTS

DECEMBER 5, 2017

The digital economy is here and, for many consumers, it has become a way of life. Direct deposits, push payments, eWallets, same-day ACH transfers, PayPal, Zelle and myriad other platforms and tools are now second nature. The ability to keep up with consumer demand is the crux of any capitalist enterprise.

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PYMNTS

JANUARY 29, 2019

During the fourth quarter of 2018, ACH Network volume saw more growth than it has in the last decade, according to the National Automated Clearing House Association (NACHA), which noted same-day ACH payments also reached a new level. billion ACH payments happened in Q4 last year, including 3.5 Upwards of 5.9

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PYMNTS

NOVEMBER 3, 2016

Of the displaced masses, the Consumer Federation of America expects more than 100,000 insurance claims to be filed and anticipates insurance payments to top $7.5 Consumers want it, and insurance companies want to provide it. Maximizing Same Day ACH opportunities. I don’t think anybody is averse to it.

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PYMNTS

NOVEMBER 21, 2016

Same Day ACH payments are gaining traction right out of the gate, with nearly $5 billion and 3.8 And though the bulk of that took place though direct deposit activity (think payroll) and B2B transactions, P2P and consumer bill pay saw tens of thousands of payments. The numbers are in. That bodes well for Sezzle.

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PYMNTS

JUNE 25, 2018

Are consumers shifting the way they make direct payments to billers? online bill payments made by consumers in 2016 were conducted via biller-direct sites — up from 62 percent in 2010. Another recent report supports the notion that directly billing consumers without relying on banks is gaining ground. The news peg? businesses.

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PYMNTS

OCTOBER 1, 2020

Consumers and microbusinesses now get an average of two disbursements each year, excluding tax disbursements from local, state and federal governments. More than two-thirds of consumers (68.1 Among consumers, instant payments accounted for a little more than one in 10 of those disbursements (14 percent). Consumers disagree.

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Payment Savvy

MAY 16, 2023

The backbone of these developments is none other than America’s Automated Clearing House (ACH) which facilitates seamless electronic transactions between banks and financial institutions within its network. Instant ACH transfers have gained prominence as they cater to the increasing demand for expedited financial transactions.

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PYMNTS

APRIL 22, 2020

In a recent conversation with PYMNTS, Everee CEO Brett Barlow, as well as Co-founder and President Ron Ross, discussed how to help employers take the leap from the legacy of biweekly payroll, and why innovations in the ACH network have finally opened up the doors to a new normal of employee compensation. Balancing Employer-Employee Needs.

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PYMNTS

NOVEMBER 2, 2018

. “Governments, financial institutions, businesses and consumers are all reaping the benefits the ACH network provides.”. billion ACH debit and close to 2.3 billion ACH credit transactions made in the third quarter of this year. billion ACH debit and close to 2.4 According to NACHA , there were more than 3.3

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PYMNTS

NOVEMBER 16, 2016

The total value of those same day payments came to $4.9 In an interview with PYMNTS’ Karen Webster, Jan Estep, NACHA’s president and CEO, said that “we had a lot of questions right after [same day ACH payments] launched, asking us ‘what is the volume,’ and we felt it was a bit more responsible to wait for the first full month.”.

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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

SEPTEMBER 14, 2018

“The ACH Network is thriving, and has achieved a milestone of more than 2 billion payments in one month,” said Jane Larimer, chief operating officer of NACHA. This impressive growth demonstrates that businesses and consumers are choosing to use ACH payments.”. billion ACH debit transactions and close to 2.4

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PYMNTS

SEPTEMBER 2, 2016

Not only are Same Day ACH payments on the way, but they are expected to have huge impacts on the way payments are made throughout the payments landscape. As we learned in last week’s installment of the Countdown to Same Day ACH podcast series, the first phase of the Same Day ACH initiative launches on Sept.

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PYMNTS

NOVEMBER 3, 2020

Desiring to access faster rails and the electricity around P2P transfers, consumers and businesses are driving the market’s obsession with speedier money during recovery. RTP Doing Its Part for a Quicker Recovery. And the market is responding with creativity, innovation … and velocity.

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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. 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.

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