Remove Good Funds Remove On-Demand Remove Same Day ACH
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Faster Payments: Does The Fed Have A Hidden Agenda?

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

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The Big Tech Canary In The Faster Payments Coal Mine

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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. Oddly, the push for faster payments also comes at the same time when payments in the U.S. It flew in on Dec. Could it be better?

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The Roil Over B2B Payments Rails

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Travel by train was a mode of transportation perceived by many as outdated as the horse-drawn carriages that first pulled rail cars on them, but Buffet observed the role that railroads played in driving economic growth because of the efficient, low-cost and reliable way they moved goods across the country.

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PODCAST: Solving Instant Payments Ubiquity Problem

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And for good reason, Ingo Money CEO Drew Edwards noted in a recent conversation with Karen Webster and Ingo Executive Vice President and Chief Product Officer Lisa McFarland — instant payments present a world of interesting possibilities for creating better consumer experiences across a wide range of uses. Consumers live in a real-time world.

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How Uncertainty Kills Commerce

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The Demands of On-Demand. We live in an on-demand world. And, in an on-demand world, there’s nothing worse than waiting. Businesses wait to be paid by their buyers — not knowing when the money will actually be received, if it is good funds and sometimes how much they’ll get. The Sinking Ship of Sunk Costs.