NACHA, the electronic payment association, announced news on Thursday (Jan. 11) that same-day ACH debit and credit transactions hit 15.2 million in December, marking a 51 percent month-over-month increase. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
FIs are looking to get in top fiscal shape for 2018 by upping their faster payments game. In the January PYMNTS Faster Payments Tracker™, Dan Massey, SunTrust Bank’s chief technology officer, explained how the bank aims to boost client experiences in 2018 with faster payment capabilities and...
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In an age where faster is a hallmark of, well, everything, it follows that the same should be true of payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The Fed wants payments to move faster — and quickly. In the latest issue of the Faster Payments Tracker™, a PYMNTS and NACHA collaboration, Connie Theien, senior vice president of payments industry relations at the Federal Reserve and Janet Estep, CEO of NACHA, discussed the...
The United States hasn’t had a new payment system for 40 years – until now. And, now that the U.S. has had a taste of faster payments, the country’s Federal Reserve wants to push the industry even further into the future. Get the Full Story...
A European Central Bank (ECB) director urged banks on Thursday (Nov. 30) to speed up the launch of instant payments to push back against cryptocurrencies like bitcoin. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The year 2020 looms large in the payments realm, marked off by the Federal Reserve as the year faster payments are to be truly commonplace, available to U.S. consumers and to businesses, standard practice across transactions of all sizes. Get the Full Story Complete the...
The U.S.’ first new payment and clearing system in more than 40 years is up and running. At 4:59:40 p.m. on Monday (Nov. 13), $3.50 was moved between accounts at two different banks (there was only one customer with two bank accounts) via RTP, the name for...
