PYMNTS

SEPTEMBER 15, 2017

In a recent interview with PYMNTS’ Karen Webster, Jane Larimer, chief operating officer at NACHA, said the financial services industry has done much preparation in terms of enhancing systems and processing, in tandem with significant testing, after a smooth Phase 1 of Same Day ACH debuted last September.

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PYMNTS

APRIL 17, 2017

On Friday (April 14), NACHA released more stats about ACH to explore how businesses are using the payment rail — same-day or not. According to the data, the number of ACH transactions in 2016 topped 25.6 trillion, NACHA said. billion, worth a collective $43.7

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PYMNTS

JANUARY 26, 2017

The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, recently provided the Same Day ACH transaction volume data for September 23 to December 30, 2016. Direct deposit made up the largest segment of Same Day ACH transaction volume — some 52 percent, or 6.8

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PYMNTS

MARCH 23, 2017

Receivable Savvy, an accounts receivable and order-to-cash management firm, wants suppliers to see Same Day ACH as an opportunity to bolster cash flow. The company, which provides education and resources for suppliers, recently released a new eBook to guide vendors on how to take advantage of Same Day ACH technology.

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Payments Dive

APRIL 8, 2016

In a NACHA survey, 95 percent of respondents indicated that they will offer their clients same-day ACH origination services by year-end.

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PYMNTS

OCTOBER 4, 2020

Nonprofit Nacha , which enables Automated Clearing House ( ACH ) payments, has adopted eight new amendments to the Nacha Operating Rules that a press release said will help to modernize the payment style. The amendments concern Same Day ACH and new ways of making ACH payments easier to use, the release stated.

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The Paypers

APRIL 6, 2021

Nacha has announced that the Same Day ACH payments transaction limit will be increased to USD 1 million.

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PYMNTS

NOVEMBER 16, 2016

And pay the very same day. NACHA, the payments association behind the ACH Network, said Tuesday (Nov. million Same Day ACH transactions occurred in October, the first full month after the initial Sept. The total value of those same-day payments came to $4.9 million transactions.

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PYMNTS

SEPTEMBER 15, 2017

For NACHA, there’s a rollout of a different sort, with far-reaching impact on how, who and when consumers and enterprises see funds flow. In an interview with PYMNTS’ Karen Webster, Jane Larimer , chief operating officer at NACHA , said that the implementation of Phase 1 of Same Day ACH has gone smoothly, with a live debut last September.

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PYMNTS

APRIL 5, 2019

In an announcement on Friday (April 5), OnDeck announced the rollout of its Same-Day ACH transfer functionality, enabling small businesses who have term loans or lines of credit with OnDeck to receive funds on the same day they draw on their lines of credit. on a business day. .

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PYMNTS

SEPTEMBER 7, 2017

Hollywood metaphor (almost) aside, there’s another industry near and dear to the Faster Payments Tracker ’s heart, and it’s also producing sequels these days. payment system has embarked on the financial equivalent of a film trilogy with its Same Day ACH initiative, an initiative which will bring big changes to the ACH Network.

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PYMNTS

JANUARY 18, 2018

The volume of same-day automated clearing house (ACH) transactions is expected to rise over the coming months, BusinessInsider reported. According to a NACHA survey, 82 percent of financial institutions surveyed anticipate that Same Day ACH debit volume will grow at a rapid or steady rate.

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PYMNTS

AUGUST 31, 2017

September will be a big month for NACHA’s Same-Day ACH initiative. 15, NACHA will roll out phase two of its Same-Day ACH Rule, and small businesses stand to gain significantly from the effort, according to reports at Nav.com.

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PYMNTS

JUNE 6, 2017

NACHA, with its Same Day ACH offering, is leading the charge for faster payments in the U.S., and our latest Data Drivers , featuring PYMNTS’ Karen Webster and NACHA CEO Jan Estep, explored the possibilities. The average value over the whole year, she continued, has been a bit over $2,100 per transaction. “So

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PYMNTS

MAY 3, 2016

A survey published by financial security software firm NICE Actimize found that a whopping 93 percent of banks anticipate new fraud threats resulting from Same Day ACH. Same Day ACH is slated to see its first rollouts among U.S. I was surprised that folks hadn’t made their decisions yet.”.

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PYMNTS

FEBRUARY 5, 2020

The ACH payments and financial data exchange nonprofit NACHA is developing a digital platform to streamline payments by facilitating data sharing via a centralized hub, NACHA announced Wednesday (Feb. The NACHA Phixius platform enables connected service providers to securely exchange payment-related data. percent jump.

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PYMNTS

MAY 7, 2018

Accelerating payments mean financial institutions have less time to identify fraud before a transaction clears and settles. With Same-Day ACH now a reality in the U.S., In its analysis of the Same-Day ACH rollout, NACHA found no evidence that it led to an increase in fraud attempts or successful breaches.

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PYMNTS

AUGUST 4, 2016

Phase One of Same Day ACH will officially launch in the U.S. It was then that NACHA proposed the shift to settling three times a day, ve days per week, to give consumers and businesses access to more efficient transactions. In just a few weeks, all U.S. Final steps toward Faster Payments.

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PYMNTS

SEPTEMBER 14, 2018

ACH Network volume surpassed 2 billion transactions in August, an increase of more than 10 percent compared to the previous year. NACHA — The Electronic Payments Association said the value of the payments was $4.5 This impressive growth demonstrates that businesses and consumers are choosing to use ACH payments.”.

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FICO

MARCH 27, 2017

Today could be that day. Are banks truly ready for same-day ACH? Between the Same Day ACH initiative launch on September 23, 2016 and December 31, 2016, there were more than 13 million same-day ACH transactions. ACH is a different animal. How to fight back.

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PYMNTS

SEPTEMBER 9, 2016

With the Same Day ACH rollout coming in just two weeks and other faster payments initiatives taking off, financial institutions are taking significant steps to ensure the transition to a faster processing environment, including improving their payment security platforms to keep fraudsters at bay. Impact On Same Day ACH Rollout.

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PYMNTS

APRIL 6, 2017

Phase One of the Same Day ACH rollout that made credit transfers a reality was completed last year. Phase Two, which will allow debit transactions on the same day, is planned for September 2017. The third phase, which will usher in faster ACH credit funds availability, is on track to occur in March 2018.

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PYMNTS

AUGUST 3, 2016

Same Day ACH has been a focus for banks since it was proposed in early 2014. will be able to accept Same Day payments, with the option to originate them. 23 to go smoothly is that the ACH network is already being used by banks and consumers. Now, it’s coming to life. About The Tracker.

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PYMNTS

JANUARY 28, 2020

When it comes to payment rail innovation, transaction speed is often the catalyst driving change. ’s newest real-time payment rails, the RTP network, is looking to expand the opportunity for payers to use the faster payment rail by increasing transaction limits. Same-Day Boosts ACH Adoption. million payments.

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PYMNTS

SEPTEMBER 15, 2020

There will soon be rules in place that govern how merchants and other entities make sure the accounts presented for debit transactions are valid — and in the process, cut down on fraud and chargebacks. As to why the account validation rule is particularly timely, Johnson said, “Nacha's goal with this change is to clean up the ACH system.

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PYMNTS

APRIL 11, 2018

New data shows that the ACH Network processed 21.5 billion transactions valued at more than $46.8 It is the third year in a row in which the number of new ACH transactions increased by more than one billion. That propelled the value of the network’s transactions to more than double the U.S. percent and 6.9

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Nanonets

MARCH 20, 2023

The ACH network is managed by NACHA, which was earlier known as the National Automated Clearing House Association. NACHA is a non-profit organization that is responsible for the supervising and rule-making functions for ACH transactions. There are also Next Day ACH transfers and Same Day ACH transfers available.

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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.”.

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PYMNTS

MAY 25, 2017

Transaction pain points are often so deeply ingrained in process that they become endured with a shrug. In an interview with NACHA President and CEO Jan Estep, PYMNTS’ Karen Webster delved into the commonalities of the innovations showcased at PAYMENTS 2017, and a couple of this year’s award winners: Earthport and lienwaivers.io.

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PYMNTS

NOVEMBER 16, 2016

And pay the very same day. NACHA, the payments association behind the ACH network, said Tuesday that 3.8 million same-day transactions occurred in October, the first full month after the initial Sept. The total value of those same day payments came to $4.9 million transactions.

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PYMNTS

NOVEMBER 2, 2018

NACHA – The Electronic Payments Association – announced Thursday (Nov. 1) that automated clearing house (ACH) payments totaled more than 5.6 In a press release , NACHA said the performance was driven, in part, by business-to-business (B2B) and online payments. “The According to NACHA , there were more than 3.3

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Fintech Finance

AUGUST 19, 2024

Unit21 , a global risk and compliance leader that proactively mitigates risks tied to fraud, money laundering, and other financial crimes, today announced a new bundle of features for Automated Clearing House (ACH) transactions.

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PYMNTS

MAY 10, 2019

The Federal Reserve has released a request for comment on potential changes to its National Settlement Service (NSS) and Fedwire Funds Service, as well as feedback on a possible new posting time for transactions, and an increased daylight overdraft fee. “On Sept.

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PYMNTS

DECEMBER 3, 2020

Reports noted the collaboration means the three partners will have access to real-time transaction capabilities via their combined resources of participating banks, money transfer operators and other financial service provdiers. Nacha Drives Corporate ACH Adoption. CardUp Mixes Rails To Enable Card Payments.

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PYMNTS

JANUARY 29, 2019

During the fourth quarter of 2018, ACH Network volume saw more growth than it has in the last decade, according to the National Automated Clearing House Association (NACHA), which noted same-day ACH payments also reached a new level. billion ACH payments happened in Q4 last year, including 3.5 Upwards of 5.9

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PYMNTS

SEPTEMBER 21, 2016

In just a matter of days, the payments industry will see a significant — and ubiquitous — change in the way payments are sent and received. Same Day ACH will create a new option for faster payments for all the banks and credit unions across the U.S. Both are about moving payments faster than they are today.”.

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PYMNTS

NOVEMBER 22, 2016

And in the latest installment of Data Drivers, statistics show that the recently launched Same Day ACH initiative has got businesses, and consumers, moving to manage cash flow on a daily basis, across a variety of use cases. Drilling down into the 4 million transactions, a significant carve-out — 1.9 13 percent.

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