Traditional B2B payments, with end-to-end processes frequently characterized by delays and complexities, remain stubbornly intractable. But with the Federal Reserve Bank of Atlanta highlighting on Monday (April 15) that the Federal Reserve Banks will adopt the ISO 20022 message format for the Fedwire Funds Service on...
For financial institutions and stakeholders, the twin threats of business email compromise (BEC) and credit-push fraud demand more monitoring — and advanced technologies to do so. Nacha introduced new rules Monday (March 18) that create a “base level of ACH monitoring for all parties in the ACH Network”...
Receiving depository financial institutions (RDFIs) now have a defined role in monitoring the ACH payments they receive. The newly defined role was established as part of a set of new rules approved by Nacha members, aiming to combat fraud that makes use of credit-push payments, Nacha, which governs the...
Amid consumer hesitation to adopt account-to-account (A2A) payments, cash-back incentives could go a long way toward driving use. By the Numbers The PYMNTS Intelligence study “Tracking the Digital Payments Takeover: Consumer Familiarity Controls Account-to-Account Payment Growth” drew from a survey of more than 3,300 U.S....
March 18, 2024
For financial institutions and stakeholders, the twin threats of business email compromise (BEC) and credit-push fraud demand more monitoring — and advanced technologies to do so. Nacha introduced new rules Monday (March 18) that create a “base level of ACH monitoring for all parties in the ACH Network” with the exception of consumers. “The rules are designed to […]
February 26, 2024
Amid consumer hesitation to adopt account-to-account (A2A) payments, cash-back incentives could go a long way toward driving use. By the Numbers The PYMNTS Intelligence study “Tracking the Digital Payments Takeover:...
December 14, 2023
The manufacturing industry is on the verge of a major transformation in payment practices, PYMNTS Intelligence revealed. The report “Corporate Changes in Payment Practices: Manufacturing Companies Embrace Real-Time Payments,” a...
December 07, 2023
Brian Holbrook, director of product strategy at LSEG Risk Intelligence, told PYMNTS in an interview that financial institutions (FIs) are going to have to gird for changes in how they...
March 18, 2024
Receiving depository financial institutions (RDFIs) now have a defined role in monitoring the ACH payments they receive. The newly defined role was established as part of a set of new rules approved by Nacha members, aiming to combat fraud that makes use of credit-push payments, Nacha, which governs the ACH Network, said in a Monday (March 18) press release. […]
January 10, 2024
Weave, a platform for small and medium-sized healthcare businesses, has announced the integration of ACH debit payments into its product suite. This new addition allows patients to pay their...
November 17, 2023
The Federal Reserve Board has announced price changes for 2024 that will raise the price for established, mature services by an average of 1.8%. For the FedNow Service®, the fee...
November 03, 2023
The Clearing House has reportedly said that it is not aware of any ongoing issues after a narrow processing error that affected deposits and transfers at some banks. Bank of America had...
