PYMNTS

NOVEMBER 5, 2018

NACHA released new statistics late last week on growth of ACH transaction volume in the U.S. According to the firm, B2B transactions were a key driver of ACH transaction growth in the third quarter of the year, leading NACHA Chief Operating Officer Jane Larimer to describe the ACH Network as “thriving.”. NACHA said 43.2

Small Business 68

Small Business Same Day ACH Wire Transfer NACHA 68

EBizCharge

MAY 8, 2024

The National Automated Clearing House Association (NACHA) governs the ACH network, setting rules and standards for ACH transactions. NACHA ensures the reliability and security of these transactions, providing a backbone for the financial industry, where millions of payments are processed daily, ranging from payroll deposits to bill payments.

ACH 52

ACH Checks Process ACH Network 52

PYMNTS

AUGUST 3, 2018

The companies said Discover will be working with the BPDA, recently formed to create a business payments directory to make it easier for payers to electronically make B2B payments, to create a blockchain-powered platform. Discover Financial Services is pushing for digitization of B2B payments in the U.S.

B2B 40

B2B NACHA API Payee 40

PYMNTS

FEBRUARY 15, 2018

While the challenge for traditional FIs to meet the nuanced needs of corporate payers is practically universal, this trend is particularly acute in Latin America, where, the executive explained, “many financial institutions … have trouble innovating and advancing their digital agendas.”

API 65

API Payment APIs and Integration NACHA Cross-Border 65

PYMNTS

MARCH 20, 2018

Following that rollout, NACHA said zero financial institutions that adopted Same Day ACH capabilities reported an increase in fraud, a result, NACHA recently told PYMNTS’ Karen Webster , of its 18-month-long initiative to work with banks and other FIs to heighten fraud detection efforts to prepare for faster transaction speeds.

Faster Payments 46

Faster Payments Central Bank Risk Same Day ACH 46

PYMNTS

MAY 30, 2018

NACHA Aims to Give Banks a Standard Language. George Throckmorton, managing director of the Advanced Payments Solutions Group at NACHA , the Electronic Payments Association, says standardization is the key to getting different financial services companies on the same page and realizing greater interoperability opportunities.

Payment APIs and Integration 52

Payment APIs and Integration ISO 20022 Interoperability NACHA 52

PYMNTS

OCTOBER 21, 2019

The decision will be made based upon an array of factors, including which payment method offers the lowest cost to the payer, enables the fastest delivery and other parameters pre-established by the treasurer client. In a press release Friday (Oct. If not, the payment will then automatically be initiated via ACH.

Faster Payments 40

Faster Payments Automation Same Day ACH RTP 40

PYMNTS

JULY 5, 2017

The Fed’s analysis supports separate research conducted by NACHA that also found increases in ACH faster payments among corporate payers. Further, the Fed is currently collecting data on non-cash payments made during 2016 with plans to provide annual updates in trends, currently published every three years.

ACH 51

ACH Fed Checks Federal Reserve 51

PYMNTS

MARCH 6, 2018

NACHA released a survey last year that found while ACH payments currently account for 32 percent of payments received by accounts receivable professionals, the AR industry expects ACH to surpass paper checks by 2020, accounting for up to 45 percent of payments received. percent of payment volume by 2020. “It

ACH 46

ACH NACHA Commercial Card B2B 46

Faster Payments Council

MAY 7, 2020

That kind of flexibility speaks to the payer, making it frictionless and creating a consistent experience. And, because you can place a QR code on anything—from a utility bill to a food truck—you're able to simplify the payment interaction.

FPC 68

FPC Faster Payments Payments Facilitators 68

PYMNTS

NOVEMBER 20, 2019

The market is seeing increased usage of automated clearing house (ACH) payments in particular, according to Nacha, which reported that more than 306.7 Real-time payments could result in more efficient payment operations that improve payer-to-provider flows by quickly issuing disbursements from payers to healthcare providers.

Real Time Payments 44

Real Time Payments Electronic Funds Transfer (EFT) ISO 20022 Payer 44

PYMNTS

JANUARY 15, 2018

Last June, NACHA and the Credit Research Foundation said that at present, paper checks make up half of B2B transactions received in the accounts receivable department; ACH accounts for less than a third. Further, in NACHA’s most recent update on same-day ACH volume – which found $87.1

B2B 55

B2B Innovation Same Day ACH NACHA 55

PYMNTS

MAY 31, 2018

It’s almost as if these various players are all speaking different languages, according to George Throckmorton, managing director of NACHA , The Electronic Payments Association, who equated the payments industry to a digital Tower of Babel. The tide is finally beginning to turn, however.

ISO 20022 40

ISO 20022 ISOs Interoperability NACHA 40

PYMNTS

JULY 18, 2017

One-third said they predict paper checks will die within five years , a finding that coincides with separate research from NACHA and the Credit Research Foundation that found ACH B2B payments are expected to finally surpass paper checks by 2020. We break down the highlights of the survey below.

B2C 41

B2C B2B Payments Trends Direct Deposit 41

PYMNTS

FEBRUARY 19, 2019

When NACHA first released its Same Day ACH capability, only about 6 percent of the first 2 million transactions made in the service’s first 11 days were B2B payments. where he doesn’t see the same type of regulatory pressure on late payers that the U.K. With faster payments functionality beginning to take off in the U.S.,

Faster Payments 75

Faster Payments Accounts Remittance Data Same Day ACH 75

PYMNTS

NOVEMBER 26, 2018

In addition to the diversity of payment categories, he added that transaction sizes for small business payers emerged with another unexpected trend in electronic payments. We have people paying Kaiser for health premiums, people paying Google for Adwords.”. percent of incoming payments volume for B2B vendors by 2020 — up just 1.5

Commercial Card 68

Commercial Card B2B Small Business Push-to-Card 68

PYMNTS

FEBRUARY 20, 2018

Same Day ACH became a reality in 2017 after the National Automated Clearing House Association (NACHA) introduced its faster payments infrastructure to the market. In the U.S., In addition, innovators the world over are exploring how technologies like blockchain could address payments speeds and efficiency on an international level.

Cross-Border Payments 43

Cross-Border Payments Cross-Border International Payments Electronic Funds Transfer (EFT) 43

PYMNTS

AUGUST 15, 2018

The survey, conducted at the 2018 NACHA PAYMENTS Conference held in San Diego earlier this year, asked 390 industry professionals about their expectations from the payments industry. Still, the research suggests the commercial payments industry is certainly paying attention to real-time payments.

Real Time Payments 40

Real Time Payments Faster Payments Payments Cybersecurity 40

PYMNTS

JANUARY 25, 2019

Thielens said payments is a particularly interesting area, considering how much innovation has occurred in the last decade with payers (consumer and corporate alike), demanding greater choice and variety in how they make payments. NACHA is in the midst of collaborating on an API standardization effort, for example.

API 69

API Payment APIs and Integration Finance Facilitators 69

PYMNTS

MARCH 29, 2018

But with an intermediary FinTech facilitating these transactions, Chanda said his customers are less inclined to delay vendor payments, while the transaction itself is less likely to include errors because the payer has handed off the payment process to a specialist.

Checks 43

Checks B2B ACH Payments 43

EBizCharge

APRIL 25, 2024

When someone initiates an EFT, the payer’s bank sends a message to the recipient’s bank through a secure system with instructions to credit the account with the specified amount. This means transactions can happen without any manual handling of money.

Wire Transfer 52

Wire Transfer Wire Wires Electronic Funds Transfer (EFT) 52

PYMNTS

AUGUST 3, 2017

A report released by the Federal Reserve last month revealed news that checks and ACH surpassed use of credit and debit cards among business payers, while separate data from NACHA released in June found cards make up just 11 percent of all B2B payments.

Cash Management 43

Cash Management Commercial Card Push-to-Card B2B 43

PYMNTS

MARCH 14, 2018

It undeniably takes a page from credit cards’ book, but according to data from NACHA and the Credit Research Foundation released last year, credit and debit cards currently make up just 11 percent of payments received by accounts receivable departments in the U.S. . “What is your cash flow? What is your working capital?

B2B 40

B2B Payments Small Business Credit Cards 40

PYMNTS

OCTOBER 10, 2018

” Some of the latest data from NACHA found use of wire payments has risen in the U.S. For FIs, analysts and technology must be able to identify spender patterns, and ask questions to assess whether a transaction is out of a payer’s typical character.

Wire Transfer 46

Wire Transfer Wire Wires Cross-Border 46

Nanonets

MAY 30, 2023

 Both payer and payee receive notifications of funds transfer, which makes it a dependable process. There is no possibility of bounced checks or payment reversals because payment can only be made if there is a sufficient balance in the payer’s account. Advantages Transactions are secure and quick.  Both

Payment APIs and Integration 52

Payment APIs and Integration Credit Cards Payment Reconciliation Online and Mobile Banking 52

PYMNTS

JUNE 29, 2018

As VPay continues that effort, the company recently announced it received certification from NACHA as a third-party sender, a significant vote of confidence for the ACH rail in insurance B2B payments. “That’s the difficult part.” “That’s a positive, in general, for the B2B space. .” ”

Faster Payments 40

Faster Payments Same Day ACH ACH Remittance Data 40

PYMNTS

OCTOBER 31, 2017

One of the biggest pro-check arguments in B2B payments today is that the payment rail lets corporate payers get a few extra days off to float cash. A recent survey from NACHA found that AR executives know this shift is in the works.

Treasury Management 41

Treasury Management Treasury Remote Deposit Capture Disputes 41

PYMNTS

FEBRUARY 9, 2017

Payees do not want to release their lien rights until they’ve been paid, and payers are often required to collect these documents to protect themselves and also provide them back to whoever is financing the project.”. The required lien waiver documents can complicate the payment process, he said. About The Tracker .

Faster Payments 48

Faster Payments Payments NACHA Payment Solutions 48

PYMNTS

JUNE 5, 2018

Working with PayPal, the company said, could ease friction for both payers and payees in the B2B payment process, encouraging firms to pay their vendors more quickly. “ Checks are on the decline, as they’re costly and labor intensive to process,” Underwood explained. But change is happening.

B2B 46

B2B PayPal Payments Payee 46

PYMNTS

AUGUST 3, 2016

“As government and commercial payers reduce reimbursement levels, many hospitals are seeing their margins shrink,” explained Becker’s Hospital Review in a recap of the event. In 2014, NACHA revealed that it initiated collaborations with health care companies to help the industry adopt ACH payments.

Checks 40

Checks B2B NACHA Treasury Management 40

PYMNTS

NOVEMBER 13, 2019

as service providers old and new introduce more options for consumer and business payers to move money quickly and, in some cases, instantly. payers have already demonstrated their eagerness for faster payment options. In addition, Nacha ‘s inability to offer always-on, 24/7 real-time capabilities is its greatest weakness.

Real Time Payments 51

Real Time Payments Faster Payments Federal Reserve RTP 51