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. Take merchant acquirers who wish to expedite the posting of funds on the same day to a merchant’s bank account. What’s Under The Faster Payments Umbrella?

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PYMNTS

MARCH 18, 2019

Last week, NACHA issued an ACH operations bulletin announcing the delay of the rollout of a third Same Day ACH (SDA) processing window by six months, to March 19, 2021. The regulator notified NACHA that they need more time to evaluate required changes to their system before giving it the green light. A Couple of Important Dots.

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PYMNTS

JANUARY 21, 2019

where almost everyone is now banked) and made the case for why the Fed was positioned as the best player to operate a ubiquitous, interoperable real-time payments network – even though the Fed doesn’t have a great track record at payments innovation ( #killthecheck ). NACHA was able to get all 13,000 banks in the U.S.

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PYMNTS

OCTOBER 8, 2018

NACHA is examining additional windows for weekends and has increased the limits for how much money can be sent over those same-day ACH rails. Instead, it’s a lack of certainty that good funds are on the way — and when they’re expected to arrive. The rules of the existing rails have been modernized too.

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