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

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In short, the global pandemic has ushered in rising usage — and use cases — for TCH’s RTP ® network, and Whisler doesn’t see that slowing down anytime soon. 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

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For NACHA Award Winners, Innovation Beyond Speed And Plumbing

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Hence the recent announcement of the 2017 NACHA Payments Awards , which seeks to spotlight innovation and advancements in payments technology, which this time around was predicated on proven accomplishment in advancing electronic payments and finding new ways to leverage Same Day ACH.

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The Three Reasons Why Checks Seem Immortal

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Large firms have technical departments, and the time and treasury necessary to devote to building out custom products and integrations. The regulatory environment is more complicated, and the number of options to account for – things like same-day ACH , for example – are proliferating, and the needs across verticals are growing.

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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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Inside The Factors Shaping Businesses’ Faster Payment Tool Adoptions

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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 Carter said.

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Finserv Providers Embrace New Rails For Faster B2B Payments

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The bank’s decision to introduce the service to corporates before consumers demonstrates the financial services industry’s confidence in B2B use cases for faster and real-time payment services. Wells Next to Tap RTP for Corporates.

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U.S. Bank On Helping Businesses Pick Faster Payment Options

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Firms are also looking at options like same-day ACH and The Clearing House 's RTP network as they explore how to speed up B2B transactions. Same-day ACH may appeal to some companies, while the RTP network suits others, for example. But how can firms come to these conclusions?