PYMNTS

NOVEMBER 15, 2016

The Electronic Payments Association, NACHA, has released volume data tied to the first calendar month of same-day ACH transactions. For the month, Same Day ACH was responsible for 3.8 billion in payments volume. The statistics show that Same Day ACH has been emerging as a “ubiquitous U.S.

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Payments Source

MARCH 16, 2018

Nacha has completed the third and final phase of the faster payments launch, requiring banks and credit unions to make Same-Day ACH funds available to depositors by 5 p.m. in local time.

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PYMNTS

JANUARY 26, 2017

The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, recently provided the Same Day ACH transaction volume data for September 23 to December 30, 2016. Direct deposit made up the largest segment of Same Day ACH transaction volume — some 52 percent, or 6.8

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PYMNTS

NOVEMBER 21, 2019

Faster Payments Council (FPC) is growing with the addition of ACI Worldwide, as the electronic payments and banking solution provider announced this week. initiatives of innovating in faster payments capabilities and promoting adoption of real-time payments. Membership in the U.S. In the U.S.,

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PYMNTS

SEPTEMBER 15, 2017

In a recent interview with PYMNTS’ Karen Webster, Jane Larimer, chief operating officer at NACHA, said the financial services industry has done much preparation in terms of enhancing systems and processing, in tandem with significant testing, after a smooth Phase 1 of Same Day ACH debuted last September. 2016 and July 2017.

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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

MARCH 23, 2017

Receivable Savvy, an accounts receivable and order-to-cash management firm, wants suppliers to see Same Day ACH as an opportunity to bolster cash flow. The company, which provides education and resources for suppliers, recently released a new eBook to guide vendors on how to take advantage of Same Day ACH technology.

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Payments Source

OCTOBER 17, 2019

Eliminating checks from corporate payments will take many more years, but Nacha’s latest data suggests the B2B category is playing a key role in Same Day ACH's growth.

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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. is now capable of receiving and enabling this same-day capability.

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Payments Source

OCTOBER 18, 2017

15 launch of same-day ACH debit payments, providing a snapshot of what Nacha expects will be a growing channel. The first round of data is in following the Sept.

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PYMNTS

APRIL 6, 2016

The biggest firms in the nation are gearing up for same day ACH payments – an eventuality that could hit in September of this year. Firms are looking to use ACH across payroll and B2B functions. As smaller institutions prepare to receive same-day payments, they spot business opportunities.

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PYMNTS

SEPTEMBER 7, 2017

Hollywood metaphor (almost) aside, there’s another industry near and dear to the Faster Payments Tracker ’s heart, and it’s also producing sequels these days. payment system has embarked on the financial equivalent of a film trilogy with its Same Day ACH initiative, an initiative which will bring big changes to the ACH Network.

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PYMNTS

FEBRUARY 7, 2017

NACHA wants to quell any anxieties about the rollout of Same Day ACH, and the latest data from the payments group should breathe new confidence in banks that have adopted the technology. The association released the latest data on the rollout of Same Day ACH thus far with a new report today (Feb.

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PYMNTS

JANUARY 25, 2017

The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, just released findings from the Same Day ACH transaction volume data for Sept. Same Day ACH is an industry initiative toward faster payments. million transactions, totaling $5.9

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Finextra

OCTOBER 21, 2024

The second day of AFP in Nashville, Tennessee, saw BNY Mellon’s Sumner Francisco, Finzly’s Karuna Kathir, PTap Advisory’s Peter Tapling and Walmart’s Sarah Arnio, take to the stage to discuss the adoption and benefits of Faster Payments and the differences between rails such as instant payments, same-day ACH, and push-to-card transactions.

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PYMNTS

JUNE 6, 2017

And how fast will people get used to fast — as in faster payments? NACHA, with its Same Day ACH offering, is leading the charge for faster payments in the U.S., This is the number of Same Day ACH transactions that flowed over the ACH network since launch in September of 2016.

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PYMNTS

MAY 3, 2016

And while businesses, consumers and FinServ players are all fueling this direction of the payments landscape, the banks, it turns out, aren’t as excited about faster payments as their customers are. Same Day ACH is slated to see its first rollouts among U.S. banks and FIs this September.

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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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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. A Couple of Important Dots.

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PYMNTS

AUGUST 24, 2017

There’s much to look forward to as the September rollout of Phase 2 of Same Day ACH (Debit Pull) looms, but David Barnhardt, executive vice president of full-service payment and verification solutions provider GIACT , thinks there’s just as much reason for caution. “I Verify, Then Trust. Don’t Be Used by Use Cases.

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PYMNTS

AUGUST 4, 2016

Phase One of Same Day ACH will officially launch in the U.S. It was then that NACHA proposed the shift to settling three times a day, ve days per week, to give consumers and businesses access to more efficient transactions. Final steps toward Faster Payments. And get something done they did.

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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. Maximizing Same Day ACH opportunities. Overcoming the antiquated.

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PYMNTS

SEPTEMBER 9, 2016

With the Same Day ACH rollout coming in just two weeks and other faster payments initiatives taking off, financial institutions are taking significant steps to ensure the transition to a faster processing environment, including improving their payment security platforms to keep fraudsters at bay.

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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 flew in on Dec.

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PYMNTS

NOVEMBER 9, 2017

Fourteen months since the Phase 1 roll out, 43 percent of financial institutions (FIs) now allow businesses to originate same-day ACH credit. In the case of business customers, the current use of SDA credit origination appears low: Only 43 percent of FIs currently offer SDA credits.

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PYMNTS

MAY 7, 2018

Accelerating payments mean financial institutions have less time to identify fraud before a transaction clears and settles. With Same-Day ACH now a reality in the U.S., In its analysis of the Same-Day ACH rollout, NACHA found no evidence that it led to an increase in fraud attempts or successful breaches.

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PYMNTS

APRIL 17, 2017

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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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. demand for faster payment capabilities, too. Indeed, in the U.S., “As the U.S.

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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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PYMNTS

APRIL 6, 2017

The past 12 months have been busy for faster payments. Phase One of the Same Day ACH rollout that made credit transfers a reality was completed last year. Phase Two, which will allow debit transactions on the same day, is planned for September 2017. What’s so Scary about Faster Payments?

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PYMNTS

AUGUST 3, 2016

Same Day ACH has been a focus for banks since it was proposed in early 2014. Phase 1 of the Faster Payments initiative launches on Sept. will be able to accept Same Day payments, with the option to originate them. What’s happening in the world of Faster Payments.

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PYMNTS

NOVEMBER 16, 2016

The total value of those same day payments came to $4.9 In an interview with PYMNTS’ Karen Webster, Jan Estep, NACHA’s president and CEO, said that “we had a lot of questions right after [same day ACH payments] launched, asking us ‘what is the volume,’ and we felt it was a bit more responsible to wait for the first full month.”.

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Payments Source

JUNE 27, 2017

Particularly at risk are service providers with high volumes of automated or customer-initiated debit payments, such as cell phone service providers, utilities, cable companies, insurance, and retailers.

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PYMNTS

APRIL 26, 2019

As noted in the Faster Payments Tracker, and to offer up just a few examples: the Federal Reserve is mulling the creation of its real-time payments system; The Clearing House (TCH) has its own real-time system, seeking critical mass among banks and in Australia, the New Payments Platform is logging new use cases.

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PYMNTS

NOVEMBER 5, 2020

For now, at least, there seems to be a bit of a gray area surrounding instant payments — and what’s actually on offer and available. percent of their insurance and borrowing disbursements through same-day ACH and 12.1 Overall, consumers report getting 22.4

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Payments Source

OCTOBER 12, 2017

Same-day ACH debits rolled out last month, a year after same-day credits, cutting processing time for these payments from a couple of days to a few hours — but for many emerging use cases, that’s not fast enough. And debit is filling the void.

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