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A new late night legend is about to start. But it’s not challenging Colbert, Fallon, Kimmel or SNL. Late night ACH file deliveries will begin for many financial institutions on Monday, Sept. 12. For others, the new part is Friday night file deliveries …
(L-R) Luis Guzman, Dave Glaser and Serenie Gagon LAS VEGAS —You’re at the online checkout ready to complete your purchase. How do you pay? For most consumers it’s with a credit card, which leads Dave Glaser to this question: “How do we motivate consumers …
A decade-long increase in medical and dental professionals receiving claim payments by EFT continued in 2023. The nearly 488 million EFT healthcare payments reflect a rise of 7.7% over 2022. And when you look back to 2013, when there were just 19.2 …
NASHVILLE, Tennessee —Could FedNow pave the way for more ACH settlement windows? A major stumbling block to expanding ACH hours is that the Federal Reserve’s National Settlement Service (NSS) for interbank settlement closes at the end of the business day …
It was Sept. 23, 2016. The Dow Jones Industrial Average was at 18,261; a remake of “The Magnificent Seven” with Denzel Washington opened in movie theaters; and Same Day ACH made its debut. “Phase 1 of Same Day ACH allows for the sending and receiving of …
… More Money Per Donation . Monthly gifts from donors using electronic bank transfers are on average 55% higher than with other payment types. Make Donating Easier . No more counting or carrying cash or checks. Instead, donations made by electronic bank …
Episode 7: Direct Deposit Benefits Taxpayers On January 24, 2022, the Internal Revenue Service began accepting and processing 2021 tax year returns. Bill Sullivan, Nacha's Senior Director & Group Manager for Government & Industry Relations, sat down with …
Consumer ACH payments include recurring expenses—mortgages, loan payments and utilities, for example—where consumers can authorize a monthly payment and not worry about mailing checks and instead to “just set it and forget it.” Consumers are also finding …