PYMNTS

SEPTEMBER 21, 2016

Two new same-day settlement windows will be added to the ACH Network, which will increase the actual movement of funds between all those financial institutions from once a day (at the beginning of the day) to three times a day. Take merchant acquirers who wish to expedite the posting of funds on the same day to a merchant’s bank account.

Faster Payments 76

Faster Payments Same Day ACH ACH ACH Network 76

PYMNTS

MARCH 18, 2019

Card rails are using push payments to close those gaps and support many new use cases for instant money. Both card networks are pushing money over their debit rails and instantly into the bank accounts of consumers and SMBs using their debit card aliases. See First Data and Fiserv. See Visa and Earthport.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

JULY 16, 2018

Businesses wait to be paid by their buyers — not knowing when the money will actually be received, if it is good funds and sometimes how much they’ll get. So do their corporate customers: certainty that there are good funds and certainty about when they can access the money. Businesses spend a lot of time waiting too.

On-Demand 43

On-Demand Settlement Consumer Faster Payments 43

PYMNTS

SEPTEMBER 17, 2019

The concept is both incredibly simple and incredibly intuitive: Offer customers 24/7 access to good funds on demand, however and wherever they want them. But use cases for instant push payments aren’t the only thing rapidly proliferating, Edwards and McFarland noted. Edwards said.

Instant Payments 70

Instant Payments FedNow Push-to-Card Payments 70