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Same Day ACH: Impacts At The Intersections

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In the previous episode of NACHA’s Countdown to Same Day ACH podcast series, NACHA President and CEO Jan Estep identified the overlaps, complements and implications of all the initiatives under the faster payments umbrella — namely, real-time payments, Same Day ACH and blockchain. The Road To Process Improvement.

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Volante Enhances Corporate Payments-As-A-Service For FIs

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NACHA Chief Operating Officer Jane Larimer, meanwhile, also praised Volante for its support of ACH, Same Day ACH and ISO 20022 messaging standard adoption among U.S. financial institutions.

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Open Banking Targets SMB Apps, Payments Data

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Nacha Unlocks Payments Data. Payments organization Nacha announced this week that it is rolling out a new platform designed to standardize and streamline the flow of transaction data between payment ecosystem participants. Nacha also pointed to the challenges of manual management, misdirected payments, errors and fraud risks.

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ACH Network Processed 21.5B Transactions in 2017

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2017 marks another significant achievement in the evolution of the ACH Network, as transaction volume was exceptionally strong and Same Day ACH was made fully available,” said NACHA Chief Operating Officer and General Counsel Jane Larimer. Financial institutions surveyed by NACHA also reported 4.2 billion transactions); a 5.8

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The Challenges And Benefits Of ISO 20022 Migration

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In today’s digital age, however, speedy transactions depend on payment rails that support rapid settlement and messaging standards that enable sending and quickly processing comprehensive payment details. . NACHA also offers a tool to help firms send ISO 20022-approved remittances data for B2B payments. .

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Switzerland Flips The ISO 20022 Switch

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Payments technology developers and regulators are beginning to voice their support for ISO 20022, the payments messaging standard that proponents say can streamline global payments with an easier way to link data to a transaction. Its first guidelines focus on interbank messaging, key in cross-border B2B payments.

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Fed Acknowledges Roadblocks In ISO 20022 Push

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The Federal Reserve is pushing for adoption of the ISO 20022 global payments messaging standard, a move industry analysts say could streamline B2B payments, especially cross-border. Reports said NACHA has created a working group to explore the decision, however. Still, there is progress, Swendseid said. “The U.S.