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...
Who’s afraid of faster payments? Banks for starters. While the idea of delivering payments between parties at a considerably faster rate might sound appealing to businesses and consumers, traditional banks are still beholden to their risk-averse tendencies. Along with all the latest news in the...
When it comes to faster payments, we have decidedly achieved liftoff. Faster payments solutions are gaining traction as more companies roll out solutions to help companies distribute funds faster between businesses, institutions and consumers. As 2017 kicks off, new developments in payments technology are expected...
Faster payments may be speeding up transactions for consumers, but it may also be putting pressure on the systems banks have in place to fight fraud. According to American Banker, faster ACH payments are impacting the ability of banks to review transactions for fraud. It’s...
