Fintech Finance

JULY 24, 2024

Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, is pleased to announce that Carl Slabicki, Executive Platform Owner of Treasury Services at BNY, has been named the new Chairperson of the FPC Board of Directors.

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PYMNTS

SEPTEMBER 17, 2018

NACHA — The Electronic Payments Association — announced that its membership has approved three new rules that will expand Same-Day ACH for all financial institutions and their customers. NACHA and its members are now delivering those enhancements.”. local time.

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PYMNTS

MAY 8, 2019

NACHA and its Payments Innovation Alliance announced that it is working with the U.S. Faster Payments Council (FPC) to expand the Faster Payments Playbook. The Faster Payments Project Team has been working for almost a year to develop faster payments resources, including the Playbook. “The

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PYMNTS

OCTOBER 5, 2016

With these benefits in mind, blockchain has recently captured the attention of several players from around the faster payments space. The blockchain solutions are intended to make the payments process more efficient and transparent for consumers. Recent developments from across the faster payments world.

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NACHA

MAY 8, 2024

Nacha is pleased to announce that Kara Ford, Industry Relations Manager at the Federal Reserve, was named the winner of Nacha's inaugural 15 Under 40 Award, recognizing outstanding young professionals shaping the future of the payments industry.

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PYMNTS

MARCH 18, 2019

Take two announcements from just last week, related to the evolution of faster payments in the U.S. 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. Then came PayPal’s debut of Instant Transfer to Bank.

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PYMNTS

SEPTEMBER 21, 2016

In just a matter of days, the payments industry will see a significant — and ubiquitous — change in the way payments are sent and received. Same Day ACH will create a new option for faster payments for all the banks and credit unions across the U.S. What’s Under The Faster Payments Umbrella?

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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. still has faster payment lessons to learn.

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Payments Source

SEPTEMBER 7, 2017

As the next step of Nacha's faster payments initiative nears, technology and management adjustments may be required to handle increased overdraft risk.

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Faster Payments Council

JANUARY 20, 2020

According to the results of our recent Faster Payments Barometer Study, 48% of organizations identify as early adopters of faster payments. While that's a healthy number, it demonstrates we still have work to do to reach the goal of ubiquitous adoption that is our target here at the Faster Payments Council.

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PYMNTS

JANUARY 31, 2019

NACHA recently released new figures on ACH network volume, revealing earlier this week that Same-Day ACH volume grew 46 percent between Q4 2017 and Q4 2018, surpassing 50 million transactions for the first time. Accelerated payments are taking off in several markets around the world, and NACHA’s latest figures demonstrate U.S.

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PYMNTS

SEPTEMBER 23, 2016

Forty is the new faster — payments, 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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PYMNTS

FEBRUARY 4, 2019

This rapid expansion is fueling predictions that the global real-time payments market will rise from a value of $6.8 Numerous payments schemes have rolled out since the U.K. launched its own Faster Payments Service in 2008. bank account would be able to securely receive real-time payments by 2020. . Faster Rails.

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Payments Dive

JANUARY 11, 2021

In advance of Nacha's upcoming WEB Debit Account Validation Rule, slated to take effect on March 19, 2021, this report serves as a guide on how to apply proper account validation measures.

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Payments Source

SEPTEMBER 19, 2017

Same-day and real-time payment products are designed for basic transfers that don't meet the more complex needs of Lyft's ride-sharing service, contends Ashwin Raj, Lyft's vice president of payments.

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PYMNTS

JULY 3, 2017

Earlier this month, NACHA (the National Automated Clearinghouse Association) sent its Government Relations Advisory Group on its annual pilgrimage to Capitol Hill. The purpose of Capitol Hill Day is to provide updates and continued education to Congressional representatives and staff regarding the ACH Network, payments, and operating rules.

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PYMNTS

JANUARY 21, 2019

There’s a canary in the faster payments coalmine. That was the day that an advocacy group, Financial Innovation Now (FIN), submitted a public comment letter to the Fed in response to its proposal to create and operate a real-time payments system in the U.S. It may also change the conversation about faster payments in the U.S.

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Payments Dive

APRIL 17, 2023

Financial institutions, payments players and other businesses are being drawn in by FedNow, according to survey results presented at the Nacha Smarter Faster Payments conference.

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PYMNTS

FEBRUARY 19, 2019

With faster payments functionality beginning to take off in the U.S., the outlook of how accelerated transaction times might impact B2B payments and, more specifically, the issue of late payments to suppliers, remains unclear. “We see faster payments coming into the U.S. and Europe have imposed.

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Faster Payments Council

MAY 7, 2020

So, why do we think QR Codes are about to take off as a way of initiating faster payments? With increased consumer and business demands on efficiency and speed, QR codes check a lot of faster payments boxes. The group has been tasked with examining ways QR codes may facilitate adoption and usage of faster payments.

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PYMNTS

OCTOBER 15, 2020

Panel members included Russ Waterhouse , EVP at The Clearing House; Mike Kresse , SVP card and money movement at FIS; Jane Larimer , CEO at Nacha; David Scola , chief executive, Americas and UK at SWIFT; and Jeremy Allaire , CEO at Circle. But the faster payment systems are showing advantages, too, he said. Moving Beyond ACH .

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PYMNTS

NOVEMBER 15, 2016

The Electronic Payments Association, NACHA, has released volume data tied to the first calendar month of same-day ACH transactions. As has been reported, October marks the first full month of activity following the September 23 implementation of Phase I of the Same Day ACH movement, with an attendant goal of making payments faster.

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PYMNTS

NOVEMBER 3, 2016

Today’s consumers increasingly expect payments to be processed quicker than ever before, and insurance companies are turning to newly introduced faster payment initiatives, such as Same Day ACH, to accommodate the demand. TO DOWNLOAD THE NOVEMBER EDITION OF THE PYMNTS.COM FASTER PAYMENTS TRACKER™ , CLICK THE BUTTON BELOW.

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PYMNTS

SEPTEMBER 15, 2020

The old saying goes: Faster payments, faster fraud. At a high level, the changes to Nacha ’s WEB Debit Account Validation Rule mandate that as of March 19, 2021, account verification must be part of anti-fraud efforts.

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PYMNTS

SEPTEMBER 4, 2017

NACHA, the Electronic Payments Association, announced Friday several staffing changes along with realignment of some responsibilities – efforts the overseer of the ACH network said would dovetail with new strategic directions. . Herd, said NACHA, will oversee the rules and risk functions.

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Payments Source

MARCH 15, 2019

Nacha's request to the Fed to extend submission times for its Same-Day ACH network was far from routine for two organizations that had worked together for decades.

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Payments Source

MARCH 13, 2019

After more than two years of successful operation in delivering Same-Day ACH payments, Nacha's request to add a third processing window has been denied by the Federal Reserve, which says it has to obtain public comment on the concept.

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PYMNTS

FEBRUARY 8, 2017

With faster payments solutions increasingly in place, businesses are discovering new tools for exchanging money. Several companies are showing an interest in faster payments solutions to help get funds exchanged quickly and efficiently. News from the world of faster payments. About The Tracker .

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PYMNTS

JUNE 7, 2017

Not only are faster payment tools bringing helping to exchange funds at a quicker pace, but these solutions are also transforming the certain aspects of the gig economy and spurring investments in new payment infrastructures. But SwapsTech’s investment is not the only FinTech to network investment on the faster payment scene.

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PYMNTS

AUGUST 3, 2017

The faster payments get, the less tolerable waiting becomes for customers, businesses and other financial players. But in late July, one of the biggest waits in the payments industry came to an end. faster payments system, efforts by NACHA to standardize APIs across the industry and recent investments in blockchain solutions.

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PYMNTS

FEBRUARY 21, 2017

Faster is better when it comes to payments — but only if with speed comes surety. In last year’s NACHA Challenge Awards , a team competition that fosters payments innovation, Royal Credit Union earned the Audience Choice Award by proposing an API that lets companies validate consumer accounts in real time.

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PYMNTS

JANUARY 11, 2017

When it comes to faster payments, we have decidedly achieved liftoff. Faster payments solutions are gaining traction as more companies roll out solutions to help companies distribute funds faster between businesses, institutions and consumers. News from the world of faster payments.

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PYMNTS

OCTOBER 10, 2016

23, the industry welcomed the rollout of ubiquitous faster payments to every consumer and business in the U.S. NACHA’s launch of Same Day ACH ushered in three settlement windows, enabling ACH payments to be received same day. Much like ISO 20022, tokenization is not a new concept for NACHA.

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PYMNTS

DECEMBER 7, 2017

has had a taste of faster payments, the country’s Federal Reserve wants to push the industry even further into the future. The December edition of the PYMNTS Faster Payments Tracker , powered by NACHA, examines the latest efforts to bring faster payments technology and capabilities to the United States. .

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PYMNTS

DECEMBER 12, 2017

Faster and real-time payments are generally considered a benefit for the consumer payments world. finally making inroads in its faster payments initiatives, it’s now time to see whether faster payments will make their way into the B2B sphere too. Another faster payments service in the U.S.,

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Faster Payments Council

APRIL 5, 2022

Please join us for a one-of-a-kind Nashville experience at Jackalope Brewing Company and enjoy live music and great conversation with other FPC members and payments professionals who have gathered for Nacha's Smart Faster Payments Conference.

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PYMNTS

JULY 7, 2017

Big changes are coming to the faster payments landscape. The July PYMNTS.com Faster Payments Tracker™, powered by NACHA, highlights notable developments from across the faster payments landscape, including the debut of Early Warning System’s Zelle Network and how P2P payments could soon be distributed using voice commands.

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