Browsing: Faster payments
Survey: Same-Day ACH Volume Higher Than Expected; No Increase in Fraud
Nine in 10 financial institutions say that their same-day ACH origination volume is about the same or higher than expected since the new faster payment protocol launched in September 2016.
Fed Issues Update on Faster Payments Project
The Federal Reserve today released a status update on its “faster payments” initiative, reporting progress on five key strategies: stakeholder engagement, faster payments, payment security, payment efficiency and enhanced Fed services.
Task Force Assessments on ‘Faster Payments’ Due Mid-2017
The task forces convened as part of the Federal Reserve’s “faster payments” initiative have begun reviewing 19 specific proposals to advance faster payments in the U.S., according to a Fed statement today, with the first installment of a final report due from the Faster Payments Task Force and the Secure Payments Task Force in January.
NACHA Launches Same Day ACH
NACHA today launched Phase 1 of its same-day ACH initiative, which allows for the sending and receiving of ACH credit transactions.
Largest ACH Originators on Track for Same-Day ACH in 2016
With same-day ACH transfers phasing in this fall, 95 percent of the nation’s largest ACH originating institutions are on track to offer the service in 2016, according to a survey by NACHA, the electronic payments association.
Fed Taps McKinsey for Faster Payments Task Force
The Federal Reserve announced today that it has selected McKinsey & Company to support its Faster Payments Task Force by assessing proposals for comprehensive faster payments solutions from providers across the industry.
Laying a Foundation for Innovation
Banks are developing new branch models and faster payment platforms to stay ahead of customer choices.