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Forty Is The New Faster (Payments)

PYMNTS

Forty is the new fasterpayments, that is. 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. via all banks and credit unions. Today (Sept.

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Hitting The Gas On Real-Time Payments Adoption

PYMNTS

Interestingly, said Manish Gurukula , CEO of Alacriti , it's not the pandemic that has slowed the country's path toward faster payments. which were in place long before COVID-19 hit, are responsible for the faster payments slowdown. real-time payments journey. The faster payments ecosystem in the U.S.

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The Bank-FinTech Tie-Up Evolves

PYMNTS

The company highlighted the friction of the legacy ACH rail that can slow down transaction speeds, noting that its technology adds pre-authorization to ACH debit transactions and enables FIs to predict funds ability using intelligence technology. ’s Faster Payments real-time payments system.

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PULSE: Why Debit And Payroll Cards Are An Employer’s Strategic Advantage

PYMNTS

The conversation took place against a backdrop where, as reported in the Next-Gen Debit Tracker , non-cash payments have been rising 6 percent a year, and where payroll cards and debit transactions are gaining ground. Debit really is — and always has been — about faster payments,” Schroeder told PYMNTS.

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GIACT On Getting Ready For Nacha's Debit Account Verification Changes

PYMNTS

The old saying goes: Faster payments, faster fraud. There will soon be rules in place that govern how merchants and other entities make sure the accounts presented for debit transactions are valid — and in the process, cut down on fraud and chargebacks.

NACHA 69
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Deep Dive: The Benefits And Challenges Of Real-Time Push Payments

PYMNTS

Consumers, businesses and governments are seeing faster payments as a path to greater convenience and financial security, and this growing demand is spurring payments services providers (PSPs) to meet this need in a swift, secure manner. Instant payment systems, such as TCH’s RTP and the U.K.’s

Payer 67
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Today In Data: Same Day ACH

PYMNTS

As Phase 2 for debit transactions gets underway, the movement represents an option to transition to the two same-day windows now in place for credit transactions. With same-day debit , Larimer said, “consumers know their true balance faster.” We’re seeing robust use of same-day ACH credits,” said Larimer.