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As a general rule, faster is better. After all, who doesn’t like less traffic, or a plane that lands early? By the same token, who wouldn’t want to get their money quicker? That’s why there’s a lot to like about the new rule making ACH credits available …
ORLANDO, Fla.— “What would your company look like if you created it today?” Tom Goodwin asked that question to make a point. “It’s much easier to build something from scratch than it is to destroy and change what you have,” said Goodwin, head of …
Payments fraud “remains rare” in the U.S., with ACH payments having the lowest fraud rate by value, a new Federal Reserve study found. “Changes in U.S. Payments Fraud from 2012 to 2016: Evidence from the Federal Reserve Payments Study,” released late in …
There’s no shortage of adjectives to describe the ACH Network, though Alex Romeo used a term you’re more likely to see on an item at Home Depot. “Quite frankly, it is industrial strength,” said Romeo, Vice President and Product Manager for the Electronic …
File holders, you know who you are, but for those who don’t, allow us to explain. Sometimes, organizations originating ACH payments use stale or other invalid dates in the “Effective Entry Date” field. Accidents happen, but some do it routinely or have …
Mercator Advisory Group recently held a webinar to further discuss the findings of its new white paper titled “The Expanding Role of ACH in the Era of Faster Payments.” Michael Herd, Nacha’s Senior Vice President of ACH Network Administration, and Sarah …
Triple digit growth in a single year shows you’re on to something. Such is the case with Same Day ACH. Since its 2016 debut, businesses small and large, financial institutions from Main Street to Wall Street, and consumers have embraced the benefits of …
Editor’s Note: This is the first in a two-part series on an upcoming enhancement to Same Day ACH. On March 20, 2020, the dollar amount limit per payment increases from $25,000 to $100,000. Today we look at what Originators can do to prepare. Same Day ACH …
The day on the calendar with the big circle around it is finally here. This Friday, March 20, 2020, the dollar amount allowable per Same Day ACH payment quadruples to $100,000. As Nacha president and CEO Jane Larimer has said, “Same Day ACH is an …