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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. Innovation On Old Initiatives.

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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. The organization noted that the platform will aim to go live for early adopters this May.

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B2B Use Cases Drive Up Real-Time Demand

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FINTAINIUM is combining its Account Receivables and Payables Management Platform with Everlink's eHUB Digital Payments Platform to support real-time B2B and B2C payments that adhere to ISO 20022 payments messaging standards. billion payments in the year's third quarter, a 9 percent year-over-year increase.

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Collaborations Bringing Faster Payments Up To Speed

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In this month’s Faster Payments Tracker™ , powered by NACHA, payment providers, in efforts to keep up with modern behavior, are looking for new ways to streamline and quicken financial processing. There are a lot of non-payment messaging capabilities that we think will provide tremendous opportunity for innovation.”.

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The Challenges And Benefits Of ISO 20022 Migration

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SWIFT’s decision to replace its existing cross-border payment messaging service with ISO 20022 represents another significant push in that direction — one that could have ripple effects. NACHA also offers a tool to help firms send ISO 20022-approved remittances data for 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.

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Clearing Up The Case For ISO 20022

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This “standard for standards” is designed to set the tone for a global financial industry message scheme, but unfortunately it is often misunderstood. At its core, Jan Estep, President and CEO of NACHA , explained that ISO 20022 is all about creating a standardized approach to building messaging standards across financial services.