And now it’s here … almost. In just a few weeks, Phase 1 of Same Day ACH service goes live. What does this step toward ubiquitous faster payments mean for bankers, businesses and consumers? For August’s Faster Payments Tracker™, powered by NACHA, PYMNTS caught up...
In May 2015, NACHA received approval from its membership to amend the NACHA Operating Rules to add two new settlement windows that enable same-day settlement and posting for ACH transactions. Any originating institution can offer products that clear on the same day, knowing that all...
It’s happening. With the launch of Same Day ACH Phase 1 now just a little more than two months away, banks are getting ready for a payments future that’s faster – and forging partnerships to help them get there. July’s Faster Payments TrackerTM takes stock...
It’s happening. With the launch of Same Day ACH Phase 1 now just a little more than two months away, banks are getting ready for a payments future that’s faster – and forging partnerships to help them get there. July’s Faster Payments TrackerTM takes stock...
ACI Worldwide, a real-time electronic payment solutions provider, is partnering with Ohio-based Cedarville University to power its tuition payments across multiple channels for close to 4,000 undergraduate and graduate students. The partnership now effectively integrates ACI’s electronic payment system with the university’s digital communication platform...
When regulators talk, the payments ecosystem listens. PYMNTS caught up with Kathleen Oldenborg, the OCC’s Director for Payment Systems Policy, to get her take on what a digital framework capable of securely supporting an ecosystem of real-time payments must look like from her perch. That...
When regulators talk, the payments ecosystem listens. PYMNTS caught up with Kathleen Oldenborg, the OCC’s Director for Payment Systems Policy, to get her take on what a digital framework capable of securely supporting an ecosystem of real-time payments must look like from her perch. That...
ACI Worldwide, which offers up real-time electronic payments, said on Tuesday (May 24) that it has been accredited in the U.K.’s Faster Payments Scheme, garnering a certificate of accreditation known as a “trust mark.” In a release, ACI said that the accreditation shows that it is part of...
Dwolla, a FinTech startup, has put in its faster payments proposal to the Federal Reserve-chartered Faster Payment Task Force, joining the more than 20 responses that have been submitted. This initiative, being led by the Fed’s task force, is being done in an effort to...
