Waiting for a payment to clear can be one of the most tedious tasks in today’s fast-paced society. With ecommerce picking up steam over the last few years, more and more consumers are not only expecting but demanding fast-paying systems in order to expedite the buying...
Faster payments may be the future, but getting to the future is a step-by-step journey. And a big step is making sure that transactions and accounts from which funds flow are valid. PYMNTS spoke with Jeni Brantner, Vice President of Payment Operations at Royal Credit...
Some have said that with faster payments comes more fraud — and that fraud could be on the rise due to Same Day ACH. NACHA talked to the financial institutions who drive 66 percent of ACH volume and got quite a different story.
A widely used financial system with a settlement schedule two decades old. A multi-year effort to modernize and accelerate the process. A delicate balance between risk and reward. Sound familiar? The securities industry shares many of the challenges faced by NACHA, and Steve Stone, EVP of Operations at United...
On the job, the most effective tool for a construction worker could be a hammer or saw or even a nail gun. But in terms of getting paid and dealing with red tape, faster payments solutions may increasingly be just as essential. For February’s Faster...
With faster payments solutions increasingly in place, businesses are discovering new tools for exchanging money. Several companies are showing an interest in faster payments solutions to help get funds exchanged quickly and efficiently. In regions around the world, including Europe and Asia, faster payments are...
NACHA wants to quell any anxieties about the rollout of Same Day ACH, and the latest data from the payments group should breathe new confidence in banks that have adopted the technology. The association released the latest data on the rollout of Same Day ACH...
NCR Corporation, a global leader in omnichannel solutions, announced that Bottomline Technologies has integrated Authentic, NCR’s intelligent transaction processing platform, into its Direct Faster Payment Service (FPS) solution. This new technology will allow U.K.-based financial institutions to connect securely to the Faster Payments network. According...
The results are in. The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, just released findings from the Same Day ACH transaction volume data for Sept. 23–Dec. 31, 2016. Same Day ACH is an industry initiative toward faster payments. The first...
