Remove Good Funds Remove Real Time Payments Remove Same Day ACH
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

The Big Tech Canary In The Faster Payments Coal Mine

PYMNTS

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. The letter cited what has become the all-too-familiar talking point about the state of faster payments in the U.S.

article thumbnail

Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

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. Faster Payments Is Happening, Fast.

article thumbnail

The Roil Over B2B Payments Rails

PYMNTS

ACH rails now settle same-day, three times a day. 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. Limits have also been raised for those payments.

B2B 76
article thumbnail

Why Certainty Rules Payments

PYMNTS

Processers enable push payments via a debit card as an alias, giving companies new options and the certainty of getting money instantly into the bank accounts of their customers. We see similar dynamics at play in the B2B payments space around the notion of real-time payments.

Rules 78
article thumbnail

How Uncertainty Kills Commerce

PYMNTS

Businesses spend a lot of time waiting too. 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. That effort aims to create a standard for making payments and settlement happen in real time across the entirety of the U.S.