Remove NACHA Remove Payer Remove Remittance Data
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How Small Businesses Ride Their Payment Rails

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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

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Why Faster Payments Isn’t The Answer To Accounts Receivable Delays

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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. is a lack of remittance data, he said. where he doesn’t see the same type of regulatory pressure on late payers that the U.K.

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For Insurance, Faster Payments Means Nothing Without Data

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Remittance data, linked to payments between providers and insurance players, is critical on both ends of the transaction. ” In verticals like healthcare, claim data can be dozens of pages long and, at present, the market struggles with transmitting that information efficiently whenever payments are made. .”

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Where APIs Fall Short On Corporate Finance Integration

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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
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Why Incremental Card Adoption Is Enough For Better Cash Management

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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.