NACHA

JULY 20, 2023

It is a significant achievement. “Nacha believes that instant payment systems (such as FedNow and RTP) and ACH, including Same Day ACH, will together meet the evolving needs of the marketplace.

FedNow 52

FedNow NACHA Same Day ACH Federal Reserve 52

PYMNTS

NOVEMBER 3, 2020

The appetite for new payments approaches is only growing, with The Clearing House (TCH) reporting that 400 more FIs have already gained technical access to the RTP network.”. This makes it important for businesses to adopt faster payment methods as well as inform partners about their options.

Real Time Payments 109

Real Time Payments RTP Same Day ACH Payer 109

Stax

MARCH 27, 2025

Wire transfers are processed within 24 hours to a few days. Since ACH payments are processed in batches at scheduled intervals, they usually take 1 to 3 business days to clear. Same-day ACH speeds up the process, but youd have to pay more. EFTs (except wire transfer) can process payments in real time.

ACH 88

ACH Electronic Funds Transfer (EFT) Wire Transfer Wire 88

PYMNTS

DECEMBER 3, 2020

To address the supplier acceptance challenge, CardUp automatically shifts bank transfer or check payments to cards, while ensuring that suppliers receive those funds via the original payment method. The solution is made possible via CardUp's status as a Visa Business Payment Solution Provider. Iceland Debuts Instant Payments.

B2B 88

B2B NACHA Innovation Nacha Operating Rules 88

Fintech Finance

MARCH 31, 2025

. “Consumers and business appreciate the convenience and security provided with electronic payments. We see growth in all our payment networks, particularly with instant payments and same day ACH payments.” ” Electronic payments are increasing across all payment rails.

ACH Network 59

ACH Network ACH Continuity Same Day ACH 59

PYMNTS

JANUARY 21, 2019

Oddly, the push for faster payments also comes at the same time when payments in the U.S. It didn’t take a regulatory proclamation for Same Day ACH to become ubiquitous in the U.S. – on board because it offered a solution for use cases where same-day was essential.

Faster Payments 77

Faster Payments Same Day ACH Fed Real Time Payments 77

PYMNTS

DECEMBER 12, 2017

Federal Reserve made its own progress in exploring how the nation’s regulatory environment can support faster payments progress while maintaining security, while NACHA offered up some new data on same-day ACH volume growth in the country. billion in funds transferred using Same Day ACH, an average of $650 per transaction.

Faster Payments 48

Faster Payments Same Day ACH B2B Zelle 48

PYMNTS

JANUARY 26, 2021

PYMNTS January 2021 Real-Time Payments Tracker® done in collaboration with The Clearing House examines the fraud-fighting needs of real-time rails as they move to the fore in a post-pandemic world fixated on instant payments, cross-town and across oceans. Safeguarding Irreversible Payments.

RTP 109

RTP Real Time Payments NACHA Same Day ACH 109

PYMNTS

MARCH 9, 2020

where FIs already have access to speedy — albeit not instant — rails. A successful new rail] couldn’t just be something that’s a little faster than same-day ACH,” he explained. Offering new capabilities is one way for a payment rail to stand out. Motivation is especially important in the U.S.,

RTP 81

RTP TCH ISO 20022 Real Time Payments 81

PYMNTS

AUGUST 14, 2019

But the move toward instant money movement is a global one, as evidenced by statistics that come from cross-border transfers in Asia and Europe leveraging networks that are already in place. million: Number of same-day ACH credit and debit payments made during the second quarter of 2019.

Faster Payments 46

Faster Payments Same Day ACH FedNow Cross-Border 46

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. Faster Payments Is Happening, Fast.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

NOVEMBER 14, 2018

In its latest report, “ Preparing for real-time liquidity ,” Deutsche Bank acknowledged that the value caps on schemes like Faster Payments and Same Day ACH limit the applicability of these trends for corporate payers. Yet, as these caps rise across the globe, treasurers are likely to see disruption.

Real Time Payments 78

Real Time Payments Real Time Gross Settlement (RTGS) Liquidity Management Same Day ACH 78

PYMNTS

MAY 16, 2019

Online (internet-initiated) payments were up 10.3 In a statement, Nacha COO Jane Larimer said, “The [Q1] results show that the ACH Network is poised for another year of sustained growth. DuitNow stands to greatly benefit our corporate clients by increasing the speed of local payments.”. percent to 1.6

ACH 54

ACH ACH Network B2B Same Day ACH 54

PYMNTS

NOVEMBER 1, 2018

For a recipient (after authentication ensures that the funds are being delivered to the right place), a closed network system allows them to gain access to both the funds in a payments account, as well as a variety of tools for further disbursement of those funds. There is a lot to do, and a lot to account for.

Checks 72

Checks Same Day ACH Push-to-Card ACH 72

PYMNTS

MARCH 2, 2018

Push payments. Instant payments. Real-time payments. Every endeavor has its vocabulary, and the payments arena is no different. In short, when it comes to speed, all payments are not created equal. In short, when it comes to speed, all payments are not created equal. billion consumer accounts.

Instant Payments 48

Instant Payments ACH Real Time Payments Push-to-Card 48

PYMNTS

JUNE 19, 2017

Trying to push that ubiquity and real-time performance across other payments rails, said the executive, “is a bigger endeavor than I think many of those in the industry and many of those that use payments recognize.”.

Real Time Payments 64

Real Time Payments Faster Payments ACH Same Day ACH 64

PYMNTS

SEPTEMBER 4, 2018

Research from NACHA – The Electronic Payments Association found that only 6 percent of the nearly 2 million same-day ACH transactions made in the first 11 days of the service were B2B transactions.

Faster Payments 40

Faster Payments Same Day ACH Real Time Payments Treasury 40

PYMNTS

AUGUST 30, 2018

for example, the last of three same-day ACH phases was rolled out earlier this year, which requires receiving depository financial institutions to make funds available by 5 p.m. local time on the same day as ACH credits. In the U.S., However, SWIFT is facing new competition from rising FinTech players.

Same Day ACH 40

Same Day ACH Cross-Border ACH SWIFT 40

PYMNTS

JANUARY 16, 2020

So much of the excitement at present is around instant payments and the ability to settle invoices faster than ever before. Yet the speed and flexibility of real-time and instant payments are just the beginning of what API-powered open banking can do, especially for smaller operators.

API 53

API B2B Payment APIs and Integration Cross-Border 53

PYMNTS

OCTOBER 30, 2020

Employers might adopt push-to-card solutions that enable them to equip staff with prepaid debit cards, onto which earnings can be quickly disbursed, for example, while other companies may send salaries directly into payment apps. You can do standard ACH that’s free and it’s slow, or you can step up and go to same-day ACH or RTP,” she said. “It

Faster Payments 59

Faster Payments Payments Tools RTP Same Day ACH 59

PYMNTS

DECEMBER 5, 2017

Direct deposits, push payments, eWallets, same-day ACH transfers, PayPal, Zelle and myriad other platforms and tools are now second nature. But, with this progress comes friction in the form of a payments patchwork. The digital economy is here and, for many consumers, it has become a way of life.

Consumer 56

Consumer Same Day ACH C2B B2C 56

PYMNTS

SEPTEMBER 21, 2018

In addition, said Europol, instant payments reduce the time financial institutions (FIs) have to intervene in a transaction and may challenge detection. The contention that new (and faster) payment methodologies may attract fraud attempts has centered on ACH.

Payroll 56

Payroll FBI ACH Same Day ACH 56

PYMNTS

FEBRUARY 4, 2019

Consumers may find it easy to pull out cards, but this system doesn’t work as well for retailers, who must wait one to three days for those payments to process. . FIs and FinTechs are offering additional solutions to handle B2B, payroll and other corporate or governmental payments. Faster Rails.

Faster Payments 73

Faster Payments Federal Reserve Real Time Payments TCH 73

PYMNTS

AUGUST 30, 2018

In the latest Smarter Payments Tracker , PYMNTS explores the role of payment rails in facilitating commerce and examines how existing payment infrastructures are evolving to meet changing consumer expectations. Around the Smarter Payments World. While the U.S.

Cross-Border 40

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

PYMNTS

JANUARY 9, 2019

Faster payments, for instance, can make it more difficult to detect that fraud has occurred, BioCatch said, particularly in instances of cross-border corporate payments. “With instant payments, fraudsters can not only move funds from legitimate users to themselves quickly, [but] they can divert them just as fast.

Faster Payments 56

Faster Payments Business Email Compromise Treasury Real Time Payments 56

PYMNTS

OCTOBER 29, 2020

Firms are also looking at options like same-day ACH and The Clearing House 's RTP network as they explore how to speed up B2B transactions. Inside Businesses’ Faster Payments Selections. Same-day ACH may appeal to some companies, while the RTP network suits others, for example.

Faster Payments 43

Faster Payments Same Day ACH Real Time Payments Payroll 43

PYMNTS

MAY 8, 2017

Icon Solutions , which provides FIs with technology and consulting to help get their real-time payments capabilities up and running, recently announced that it is working with The Clearing House (TCH), offering TCH its Instant Payments Framework. Overall, Hay said real-time payments demand banks “change their way of thinking.”.

Real Time Payments 46

Real Time Payments ISO 20022 TCH ACH 46

PYMNTS

SEPTEMBER 4, 2018

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., It’s not huge, but it’s not dismissible, either.

Treasury 44

Treasury Faster Payments Real Time Payments Liquidity Management 44

PYMNTS

SEPTEMBER 6, 2018

Around the globe, new payment schemes are on the rise. In the Eurozone, the Eurosystem’s new process for settling instant payments is slated to go live this November. SWIFT , for one, has received approval to connect to TIPS and will offer access through its forthcoming SWIFTNet Instant platform. Taking The Direct Route.

Faster Payments 40

Faster Payments Instant Payments Payments Central Bank 40

PYMNTS

SEPTEMBER 11, 2018

Auto glass repair and claims management company Safelite Solutions is looking to smartphone apps and a new partner to offer customers same-day claim disbursements. It recently announced a collaboration with Ingo Money to provide instant payments for insurance claims via a one-time-use mobile app.

Same Day ACH 40

Same Day ACH NACHA Instant Payments On-Demand 40

PYMNTS

MAY 22, 2018

The fact remains that all disbursements by businesses are still done, largely, through legacy means, as 80 percent of firms still send checks or use first-generation ACH — and don’t confuse Same-Day ACH with instant, as it is fast, indeed, but not that fast.

Push-to-Card 40

Push-to-Card Same Day ACH ACH Payments 40

PYMNTS

MAY 5, 2017

Several players in the payments space have recognized this urgent need for choice and speed and are stepping up to help companies offer this capability. New solutions like Ingo Money’s Instant Payments platform and NACHA’s Same Day ACH initiative are offering corporations digital alternatives to paper checks for funds disbursement.

Checks 46

Checks Push-to-Card Debit Card Payments 46

PYMNTS

JULY 24, 2017

Two years later, faster really isn’t the driver of payments innovation today — making payments predictable, smarter, digital and efficient is. NACHA has implemented ubiquitous Same Day ACH with credit push and will implement phase two with debit pull in the fall.

Fed 47

Fed Faster Payments Ubiquitous Same Day ACH 47

PYMNTS

SEPTEMBER 30, 2016

NACHA just launched Same Day ACH – the only faster ubiquitous payments play in the U.S. And then there are all of the niche players with faster, real time and instant payments solutions for certain groups of consumers and businesses.

CFPB 69

CFPB Online and Mobile Banking Bots Same Day ACH 69

PYMNTS

SEPTEMBER 17, 2019

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. An Explosion of Rails .

Instant Payments 70

Instant Payments FedNow Push-to-Card Payments 70

PYMNTS

DECEMBER 31, 2020

These payment types often deprive receivers of immediate access to funds. Instant payment methods promise to deliver superior disbursement experiences, but they have yet to gain traction — perhaps because most receivers are not very familiar with such options. Key Data Points: Same-day ACH is used for only 29.2

Innovation 111

Innovation Online and Mobile Banking Real Time Payments Cross-Border 111

Fintech Finance

FEBRUARY 17, 2025

With Orums Monitor payments portal, businesses will be able to: Optimize and orchestrate money movement: Smart routing makes it easy for payment operations teams to transfer money at their preferred speed and cost, instead of being forced to select specific rails (i.e. RTP, FedNow, Same Day ACH, ACH, wire, etc.)

Account Validation 59

Account Validation Same Day ACH Technology Payments 59