PYMNTS

FEBRUARY 11, 2020

The latest data from Nacha found a new record-high growth rate for adoption of ACH payments , with B2B payments showcasing a surge in adoption of the legacy payment rail that has recently turned to technologies that can augment the service, from the movement of transaction data with an ACH payment to the deployment of Same Day ACH.

B2B 89

B2B Same Day ACH NACHA ACH 89

PYMNTS

JANUARY 12, 2017

As faster payments solutions aim to offer financial institutions and banks a quicker means of exchanging money, a potential roadblock awaits their successful adoption. Not so much, said Richard McShirley, CMO of linked2pay , a provider of cloud-based payment solutions. Namely, are banks ready to take the risk?

Faster Payments 41

Faster Payments Same Day ACH Payment Solutions ACH 41

PYMNTS

OCTOBER 11, 2018

Workers want faster payments and don’t want to be paid via direct deposit. With companies paying suppliers on strategic schedules, real-time transactions aren’t always necessary — or beneficial — for the B2B payments space. Yet there is some adoption of faster payment technologies among corporates. In the U.S.,

Faster Payments 60

Faster Payments Economy Real Time Payments Online and Mobile Banking 60

PYMNTS

AUGUST 4, 2017

Are community banks missing the chance to climb aboard the faster payments train? In late July, the Federal Reserve Faster Payments Task Force released its much-anticipated report on how to strengthen and operate the U.S. faster payments system. faster payment system.

Community Banks 46

Community Banks Faster Payments Innovation Same Day ACH 46

PYMNTS

JANUARY 15, 2018

135: the number of currencies supported by Payment Rails ‘ new API and white label payment platform. The company rolled out its corporate payments solution that enables businesses to send money to more than 220 countries, a more automated and affordable alternative to bank wires, the company said.

API 77

API B2B Same Day ACH Payment APIs and Integration 77

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.

Community Banks 46

Community Banks Faster Payments NACHA Cross-Border Payments 46

PYMNTS

NOVEMBER 2, 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. Around the Faster Payments world. About The Tracker.

Faster Payments 74

Faster Payments Same Day ACH NACHA Payments 74

PYMNTS

JUNE 29, 2018

In particular, a heavy volume of both B2C payments (consumers paying premiums to insurance companies, as well as insurance companies sending claim payouts to individuals) and B2B payments (insurance companies paying service providers) pave the way to a complex mix of payment rails. “That’s the difficult part.”

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

PYMNTS

OCTOBER 21, 2019

The decision will be made based upon an array of factors, including which payment method offers the lowest cost to the payer, enables the fastest delivery and other parameters pre-established by the treasurer client. If not, the payment will then automatically be initiated via ACH.

Faster Payments 40

Faster Payments Automation Same Day ACH RTP 40

PYMNTS

JANUARY 26, 2021

has been working with banks and corporates on faster payment solutions for some time, and recently began developing a new set of resources to boost this effort. Nacha , the rulemaking entity for the Automated Clearing House networks in the U.S.,

RTP 109

RTP Real Time Payments NACHA Same Day ACH 109

PYMNTS

MAY 4, 2017

According to recent data , the Same Day ACH offering was used to make 1.8 billion in Q4 2016, the first full quarter of Same Day ACH Credit availability. Among the more popular players in the P2P space is Venmo, a mobile payment platform owned by PayPal. Adjusting to Faster Payment Changes.

Faster Payments 41

Faster Payments Venmo Zelle P2P 41

PYMNTS

MARCH 2, 2016

The March edition of the PYMNTS Faster Payments Tracker TM , powered by NACHA, covers the latest news and developments in the Faster Payments world, including the most recent notable player forays with the blockchain, like IBM ’s recent announcement of Blockchain-as-a-Service. The Power Of Payments.

Faster Payments 41

Faster Payments NACHA C2B P2P 41

PYMNTS

SEPTEMBER 14, 2018

FinTechs are gaining traction in cross-border payments, and solutions are proliferating in the space to help firms manage foreign exchange (FX) risk as they also seek speed and security across payments. That comes as faster payments remains a greenfield opportunity for firms.

Cross-Border Payments 49

Cross-Border Payments Cross-Border Risk Same Day ACH 49

PYMNTS

OCTOBER 23, 2019

Meanwhile, both PNC Bank and Bank of America introduced new solutions designed to ease friction in B2B payments by embracing a range of existing rails. It’s both a show of support for a new rail like RTP, as well as for the strategy to improve upon legacy rails like ACH.

Faster Payments 40

Faster Payments B2B RTP ACH 40

PYMNTS

MAY 25, 2017

Hence the recent announcement of the 2017 NACHA Payments Awards , which seeks to spotlight innovation and advancements in payments technology, which this time around was predicated on proven accomplishment in advancing electronic payments and finding new ways to leverage Same Day ACH.

NACHA 46

NACHA Same Day ACH Innovation ACH 46

PYMNTS

JANUARY 15, 2018

Last June, NACHA and the Credit Research Foundation said that at present, paper checks make up half of B2B transactions received in the accounts receivable department; ACH accounts for less than a third. Use of faster payments technologies, too, remains limited in the B2B sphere.

B2B 55

B2B Same Day ACH Innovation NACHA 55

PYMNTS

FEBRUARY 6, 2020

In today’s market of real time, legacy payments infrastructure needs a facelift. With a focus on enabling real-time settlement, Transparent Systems is tackling a market that has not necessarily been the biggest target of faster payment capabilities, particularly as corporates focus on delaying payment to suppliers as long as possible.

Settlement 67

Settlement B2B Same Day ACH ACH 67

PYMNTS

DECEMBER 4, 2019

” ACI Worldwide Joins Faster Payments Initiatives. Electronic payments and banking solution provider ACI Worldwide recently showed its support for U.S. efforts to bring faster payments to ubiquity by joining the Faster Payments Council (FPC).

B2B 52

B2B RTP Cross-Border FPC 52

PYMNTS

AUGUST 15, 2018

For financial institutions, that problem might be the ongoing struggle to kill the check , payments’ shockingly persistent lowest common denominator. For businesses, it might mean tapping into the variety of new solutions that faster payments offer. 25,000: The transaction limit size for same-day ACH.

Same Day ACH 40

Same Day ACH Credit Union Transaction Limits Faster Payments 40

PYMNTS

MAY 26, 2016

Beanstream is a payments technology firm that is the latest to enter the U.S. But in a departure from the sentiments of some other B2B payments players, that need for security isn’t necessarily stemming from the approach of faster payments. Stewart described the faster payments initiatives of the U.S.

B2B 40

B2B Same Day ACH ACH Faster Payments 40

PYMNTS

JANUARY 2, 2017

It was a busy year throughout the world of payments, with plenty of new technology making headlines along the way. As the year opened, our inaugural Faster Payments Tracker™ looked at the looming arrival of the new Same Day ACH. FASTER PAYMENTS TRACKER. made its much-anticipated rollout.

ACH 49

ACH Online and Mobile Banking Cross-Border Same Day ACH 49

PYMNTS

SEPTEMBER 13, 2018

As FinTechs step into the cross-border payments and foreign exchange (FX) management space, there are more solutions available than ever before for corporates seeking to gain speed and security in payments – and manage risk along the way. This embrace comes as corporates are just starting to work with faster payments.

Cross-Border Payments 40

Cross-Border Payments Cross-Border Risk Same Day ACH 40

PYMNTS

SEPTEMBER 8, 2016

Same Day ACH is on the cusp of entering the market, blockchain startups are making their visions a reality with bank partners and the financial services industry as a whole, it seems, is ready to make payments faster and more digital. But in B2B payments, are corporates ready to participate in this new ecosystem?

Same Day ACH 40

Same Day ACH ACH Payments AFP 40

PYMNTS

JANUARY 2, 2017

That’s a problem that San Francisco-based Wyre is offering to solve with its real-time cross-border payment solution. “We We are trying to get [merchants] away from the idea that waiting three days for payments is efficient,” said Michael Dunworth, cofounder and CEO of Wyre. Blockchain and faster cross-border payments.

Cross-Border Payments 42

Cross-Border Payments Cross-Border Payment APIs and Integration Blockchain 42

PYMNTS

FEBRUARY 22, 2017

.” The CEO also noted that many of Fiserv’s latest offerings center around the theme of payments speed. “We’ve got more than a handful of organizations right now using Alexa for everything from checking balances to initiating payments,” reflected Yabuki.

NACHA 51

NACHA Same Day ACH ACH Innovation 51

PYMNTS

SEPTEMBER 30, 2016

Faster Payments. It’s not that real-time payments are bad or even a fizzle. NACHA just launched Same Day ACH – the only faster ubiquitous payments play in the U.S. It’s one big hot faster payments mess since.

CFPB 69

CFPB Online and Mobile Banking Bots Same Day ACH 69

Nanonets

MARCH 24, 2023

NACHA certification – This certification serves as a trust signal to your customers, indicating that your business adheres to the rules of the ACH network. Guidelines for same-day ACH – The rising usage of ACH has resulted in a same-day payment alternative (which is pretty fast as far as business payments are concerned!).

Wires 52

Wires Wire ACH Credit Cards 52

PYMNTS

SEPTEMBER 7, 2017

On new solutions, I spend time in fundamental research analyzing new market trends, topics and use cases and exploring how to develop innovative technologies to expand into those areas. What concerns you most in the payments solutions space? There is a global demand and initiative for faster payments.

Same Day ACH 46

Same Day ACH Fraud Detection Innovation Fraud Prevention 46

PYMNTS

MARCH 7, 2016

Who decides on those standards, and what does the payments industry do in the meantime to protect consumers and themselves from that type of fraud? SHOULD WE BE MAKING PAYMENTS FASTER? The financial services world is awash in the faster payments narrative. Here in the U.S.,

Online and Mobile Banking 46

Online and Mobile Banking Payments Same Day ACH Financial Inclusion 46