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NACHA Pinpoints B2B’s Role In Same Day ACH Adoption (So Far)

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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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What is an ACH Deposit and How Does It Work?

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TL;DR Nearly 93% of Americans receive payments through direct deposit; Automated Clearing House makes it simpler for employers to manage funds without handing out physical checks or dealing with pesky extra fees. Many small businesses choose ACH operators because they are more convenient than most direct deposits.

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Fourteen Months In, Extra Credit For Faster (ACH) Credit?

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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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Inside The Factors Shaping Businesses’ Faster Payment Tool Adoptions

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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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NACHA Talks Faster Payments, CHOICE Act At Capitol Hill Day

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The ACH Network, conceived in the 1970s to replace paper checks for payroll, provides the backbone for the electronic movement of money and data in the U.S., now processing more than 24 billion Direct Deposit and Direct Payment transactions annually – a total of more than $41 trillion.

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