article thumbnail

Forty Is The New Faster (Payments)

PYMNTS

23) marks the launch of Same Day ACH, with three settlement windows enabling consumers and businesses to receive credit, same day, for payments made to them. is now capable of receiving and enabling this same-day capability. But in many ways, today’s milestone is all about what’s next for ACH.

article thumbnail

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

PYMNTS

For example, that might mean having a process in place so that funds are appropriately applied or available when money comes in during off-hours or on the weekend, she said, and really thinking through the process from an accounting, liquidity and treasury management perspective. RTP Outlook.

RTP 139
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Real-Time Payments Driving Real-Time Liquidity: Deutsche Bank

PYMNTS

In its latest report, “ Preparing for real-time liquidity ,” Deutsche Bank acknowledged that the value caps on schemes like Faster Payments and Same Day ACH limit the applicability of these trends for corporate payers. Yet, as these caps rise across the globe, treasurers are likely to see disruption.

article thumbnail

PNC Automates Faster Payments Choice For Corporate Treasurers

PYMNTS

PNC Treasury Management is rolling out a new solution designed to optimize corporate treasurers’ B2B payments. Options for payment methods will include real-time payment (RTP), same day ACH or next day ACH, with PNC planning to incorporate a wire transfer option in the first quarter of next year.

article thumbnail

Easing B2B Payments’ Migration To Real-Time Settlement

PYMNTS

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.

article thumbnail

For Insurance, Faster Payments Means Nothing Without Data

PYMNTS

. “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.

article thumbnail

Inside The Factors Shaping Businesses’ Faster Payment Tool Adoptions

PYMNTS

Corporate buyers that pay vendors, meanwhile, might seek to satisfy these business partners by delivering money via same-day ACH or over the RTP network. You can do standard ACH that’s free and it’s slow, or you can step up and go to same-day ACH or RTP,” she said. “It