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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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 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. Drilling down into the 4 million transactions, a significant carve-out — 1.9

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PYMNTS

JANUARY 8, 2021

In short, the global pandemic has ushered in rising usage — and use cases — for TCH’s RTP ® network, and Whisler doesn’t see that slowing down anytime soon. when businesses or consumers need to deliver or receive goods, she said. I'd love to see an [RTP] use case that we can talk about next December.”.

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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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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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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

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

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 21, 2019

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. Oddly, the push for faster payments also comes at the same time when payments in the U.S.

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PYMNTS

JANUARY 26, 2021

Real-time payments are becoming more and more popular among consumers and businesses alike, but some FIs are finding it challenging to safeguard such systems. Indeed, 85.3 percent are either currently implementing RTP or plan to do so within the next three years.”. Then, think about what that awareness means to cybercriminals.

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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. Said Herd, additional findings reveal that there are some institutions that would like to offer Same Day ACH to their customers, but the processors or vendors that they rely on haven’t enabled it yet.

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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

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

APRIL 26, 2019

As noted in the Faster Payments Tracker, and to offer up just a few examples: the Federal Reserve is mulling the creation of its real-time payments system; The Clearing House (TCH) has its own real-time system, seeking critical mass among banks and in Australia, the New Payments Platform is logging new use cases.

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Fintech Finance

MARCH 31, 2025

ACH commercial volume last year. The EPN network’s growth since 2021 outpaced ACH industry growth, with The Clearing House’s network averaging 7.4% per year, as businesses and consumers continued to embrace electronic payments. ACH volume has been growing across all user types and use cases.

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PYMNTS

DECEMBER 8, 2016

Less than two months after its implementation, Same Day ACH, the ubiquitous faster payments initiative for the payments industry in the United States, is showing a significant impact on the market, but it still has plenty to learn from those across the pond. In October alone, the ACH Network processed nearly $5 billion in 3.8

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PYMNTS

MARCH 9, 2020

Consumers and businesses do not want to use new payment networks unless they believe others are already using them, creating a chicken-and-egg problem. Consumers and businesses alike tend to cling to established payment methods until frictions or alternative methods’ appeals become significant enough to inspire change.

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PYMNTS

DECEMBER 12, 2017

Faster and real-time payments are generally considered a benefit for the consumer payments world. Federal Reserve made its own progress in exploring how the nation’s regulatory environment can support faster payments progress while maintaining security, while NACHA offered up some new data on same-day ACH volume growth in the country.

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PYMNTS

FEBRUARY 11, 2019

may be perceived as being a bit behind the demand of consumers. NACHA and Same Day ACH debuted EXACT DATE to enable same-day settlements through three settlement windows, and are currently exploring options to extend that availability on weekends and holidays. Use cases are evolving.

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PYMNTS

AUGUST 12, 2019

That’s the talk track now from the Fed , which a week ago today announced its plans to build and operate a new set of real-time rails, using accelerated access to employer paychecks as its launch use case. Ironically, perhaps, the ACH network’s first direct deposit use case was the U.S.

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PYMNTS

OCTOBER 2, 2019

To get a sense of where faster payments are headed, look to the consumer. The Consumer Case, Leading To The Business Case. Yet, Kresse pointed out that, ultimately, individual consumer behavior drives changes in business behavior. So, from the beginning, start with the individual consumer.

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PYMNTS

NOVEMBER 1, 2018

Checks, despite their near extinction in consumer payments, remain alive and well when it comes to businesses paying each other. But when the focus shifts to either SMBs paying each other or trying to pay out the consumers, the luxury of an integration between the two entities evaporates. There is a lot to do, and a lot to account for.

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PYMNTS

JUNE 18, 2019

The rise of Zelle , and any number of peer-to-peer (P2P) payment options, has increasingly brought consumers on board with the need for speed in payments — where settlement is marked by seconds and minutes, not hours or days. The rollout of Same Day ACH several years ago served to kick-start the process.”.

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PYMNTS

MARCH 3, 2017

The question, as posed by Webster, may be boiled down to a binary one: Old rails or new ones — how to support and promote the innovation that everyone agrees is essential for creating better connected payments experiences for consumers and businesses?

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PYMNTS

JUNE 29, 2018

In particular, a heavy volume of both B2C payments (consumers paying premiums to insurance companies, as well as insurance companies sending claim payouts to individuals) and B2B payments (insurance companies paying service providers) pave the way to a complex mix of payment rails. .”

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PYMNTS

OCTOBER 30, 2020

Corporate buyers that pay vendors, meanwhile, might seek to satisfy these business partners by delivering money via same-day ACH or over the RTP network. You can do standard ACH that’s free and it’s slow, or you can step up and go to same-day ACH or RTP,” she said. “It

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Faster Payments Payments Tools RTP Same Day ACH 59

PYMNTS

DECEMBER 4, 2019

The bank’s decision to introduce the service to corporates before consumers demonstrates the financial services industry’s confidence in B2B use cases for faster and real-time payment services. Wells Next to Tap RTP for Corporates. SatoshiPay Eyes Ill-Fitting Rails for B2B.

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PYMNTS

SEPTEMBER 17, 2018

Consumers know that payment methods bearing their brand are accepted at tens of millions of merchants globally and that when they use those products, they work reliably. Retail payments innovators have tapped into that ubiquity-driven certainty to enable new use cases that extend their reach. That creates certainty.

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PYMNTS

OCTOBER 29, 2020

Consumers are also working to handle new budget strains and seeking swifter access to their earnings so they can better make ends meet. Firms are also looking at options like same-day ACH and The Clearing House 's RTP network as they explore how to speed up B2B transactions. Inside Businesses’ Faster Payments Selections.

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Faster Payments Same Day ACH Real Time Payments Payroll 43

PYMNTS

APRIL 8, 2016

And so is the use case for real-time versus simply faster — particularly because each of the terms has different use cases and different characteristics. Same Day ACH credits will be rolled out starting Sept. The ‘skinny architecture’. The next six months. In the U.S.

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PYMNTS

OCTOBER 8, 2018

ACH rails now settle same-day, three times a day. 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. who today already have access to an ubiquitous faster payments scheme called same-day ACH.

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PYMNTS

FEBRUARY 20, 2018

Same Day ACH became a reality in 2017 after the National Automated Clearing House Association (NACHA) introduced its faster payments infrastructure to the market. In the U.S.,

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Cross-Border Payments Cross-Border International Payments Electronic Funds Transfer (EFT) 43

PYMNTS

MAY 22, 2018

This is without friction, and where consumers, borrowers and businesses receive funding 24/7, in the ways they want and on demand. Much has been made in this space about push payments , which assures instant and “safe to spend” funds (meaning the payment cannot be reversed) delivered to a consumer’s account.

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PYMNTS

AUGUST 4, 2017

A recent report by financial services provider FIS found that while community banks have been successful in many areas of digital-first solutions, these institutions are still “slow to adapt” to shifting consumer needs. The use cases are going to keep growing,” Giorgio said. . When ‘Wait And See’ Won’t Cut It Anymore.

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PYMNTS

DECEMBER 22, 2016

And it’s true: Over the past 12 months, emergent payment methods — Same Day ACH, Visa OCT — have become far more commonplace, enabling the flow of money between businesses and individuals faster than ever before. Some observers might remember 2016 as the year that new, faster payment technologies truly began to take hold.

Same Day ACH 49

Same Day ACH Payments On-Demand Economy 49

PYMNTS

MAY 5, 2017

When it comes to accessing their money, today’s consumer wants it now, with the push of a button. As they grow bolder with this demand, consumer requirements for speed, simplicity and choice in how they get paid could soon make push payments technology a corporate standard. New Tools on the Block . Time to Write Off the Paper Check?

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