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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 …
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 …
The FBI has updated figures on Business Email Compromise (BEC) and none of the news is good. The bureau said there have been more than 166,000 incidents across the globe between June 2016 and July of this year. That’s based on victim reports to its …
One of the best weapons in the fight against fraudsters is sharing information. It can also be one of the trickiest issues to navigate, given the many privacy concerns. Nacha’s Risk Management Advisory Group (RMAG) is working to address this with open …
ORLANDO, Fla.— JP Nicols believes it’s time to “get serious about innovation”—although his definition of innovation might differ from financial institutions’. “It’s not just ‘innovation theater,’” said Nicols, managing director of FinTech Forge. He …
You want more ACH payments from your customers because ACH: Costs less than check and card payments; Requires less labor to process than checks and you can’t increase hires (or have to decrease head count); Clears quickly for improved cash flow; Provides …
Every year has its unknowns, but the last two years have provided more twists and turns than we really needed. Nevertheless, with 2022 still in its relatively early days, many of us are hoping to get back on at least something resembling a pre-pandemic …
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 …
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 …