Same Day ACH volume on the ACH Network leapt 65.7% in the third quarter compared to a year earlier, while the value of those payments rose 38.8%. Those increases brought the number of Same Day ACH payments in the third quarter to 355.2 million and...
Cross-border payments circa May 2024 have become a highly specialized sector of the payments industry. Look at the activity in this space, even year-to-date, and you’ll see companies like the Solana Foundation advancing real-world assets on cross-border blockchains. You’ll see Swift continuing to accelerate the usage of the ISO 20022 messaging format. And...
For financial institutions and stakeholders, the twin threats of business email compromise (BEC) and credit-push fraud demand more monitoring — and advanced technologies to do so. Nacha introduced new rules Monday (March 18) that create a “base level of ACH monitoring for all parties in the ACH Network”...
Receiving depository financial institutions (RDFIs) now have a defined role in monitoring the ACH payments they receive. The newly defined role was established as part of a set of new rules approved by Nacha members, aiming to combat fraud that makes use of credit-push payments, Nacha, which governs the...
March 18, 2024
For financial institutions and stakeholders, the twin threats of business email compromise (BEC) and credit-push fraud demand more monitoring — and advanced technologies to do so. Nacha introduced new rules Monday (March 18) that create a “base level of ACH monitoring for all parties in the ACH Network” with the exception of consumers. “The rules are designed to […]
December 07, 2023
Brian Holbrook, director of product strategy at LSEG Risk Intelligence, told PYMNTS in an interview that financial institutions (FIs) are going to have to gird for changes in how they...
March 18, 2022
Checks and card transactions are giving way to electronic payments, done through an automated clearinghouse (ACH). Jason Carone, senior vice president of ACH product management at The Clearing House (TCH),...
May 13, 2021
Faster payments have grown at breakneck speed over the past few years. In the first quarter of 2020 alone, it’s setting new records in payment volumes and payment values. Coinciding...
October 17, 2024
Same Day ACH volume on the ACH Network leapt 65.7% in the third quarter compared to a year earlier, while the value of those payments rose 38.8%. Those increases brought the number of Same Day ACH payments in the third quarter to 355.2 million and the value of those payments to $844 billion, Nacha, which […]
March 18, 2024
Receiving depository financial institutions (RDFIs) now have a defined role in monitoring the ACH payments they receive. The newly defined role was established as part of a set of new...
February 14, 2024
Same Day ACH and B2B payments on the ACH Network each saw double-digit growth in volume in 2023. These segments made these gains during a year in which the ACH...
October 17, 2023
ACH Network parent company Nacha says it is reaping the benefit of increased B2B payments. Continued adoption of same-day automated clearing house (ACH) payments and the rise in business-to-business (B2B) payments...
