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Same Day ACH An Opportunity For Suppliers, Analysts Say

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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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With Same-Day ACH, You’d Better Have Same-Day Fraud Detection

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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. But Peace noted that tools like those offered by ACH Alert are just part of the fraud detection puzzle.

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New Year’s Resolution: The Clearing House Urges Banks To Become 24/7 Operations

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To facilitate this transition in handling 24/7 cash flow, Whisler said TCH offers services such as intraday reconciliation. As far as fees are concerned, she explained that existing competition from other providers, card networks and same-day ACH will likely keep fees in line. “To RTP Outlook.

RTP 139
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What New Payment Rails Miss About Solving B2B’s Remittance Challenge

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One of the biggest points of friction in B2B payments for both buyers and suppliers is capturing information about a transaction, and feeding that data into back-end systems for automated accounting and reconciliation. What New Payment Rails Are Missing. The problem you have is there’s no standard,” he said.

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Easing B2B Payments’ Migration To Real-Time Settlement

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Recently-launched capabilities like Same Day ACH have unlocked opportunity to wield modern technology and build new solutions on top of existing payment rails in favor of speed and transaction transparency, but there’s another strategy to payments innovation that continues to gain traction.

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For Insurance, Faster Payments Means Nothing Without Data

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“We want to offer our customers the widest solution, soup to nuts — that means creation of the remittance data, creation of the payment, reconciliation of the payment, treasury management services, the entire spectrum,” he noted, adding that virtual cards can address all of these needs for insurance firms.

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Innovation Eases The Friction Of Global Payment Rails

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But as innovation targeting the ACH network accelerates, there will continue to be challenges ahead for the public sectors. Namely, the emergence of Same Day ACH and, eventually, real-time ACH will challenge government entities’ ability to combat fraud before transactions are cleared.