Remove Faster Payments Remove NACHA Remove Payment Initiation
article thumbnail

Faster payments to make ACH debits trickier for B-to-B

Payments Source

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

article thumbnail

Will The Blockchain Revolutionize Faster Payments?

PYMNTS

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.

article thumbnail

Breaking Down The Faster Payments Construct

PYMNTS

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?

article thumbnail

Faster Payments Finds Its Future

PYMNTS

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.

article thumbnail

Fighting Fraud In A Faster Payments Landscape

PYMNTS

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.

article thumbnail

The Big Tech Canary In The Faster Payments Coal Mine

PYMNTS

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.

article thumbnail

Can The Insurance Industry Get Aboard The Faster Payments Train?

PYMNTS

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. Overcoming the antiquated. Stay tuned for updates as we monitor the industry’s track.