Pacing Payments

Announcements

  • Real-time Payments Likely to Fly in a Year--Banking Exchange

    The very earliest indications show that real-time payments will soon become a must-have capability for banks, in terms of satisfying customer demand and providing revenue to banks. “It’s here now, it’s happening, and we need to be prepared for it, because it’s an opportunity for all of us,” Mihail Duta, director of product management for Finastra, said recently during a company user group presentation.

  • First Tech Credit Union Goes Live with Zelle--Paybefore

    First Tech Federal Credit Union announced that the Zelle P2P service is live in its mobile banking app, enabling payments for more than 110,000 First Tech mobile banking members. Zelle, powered by payments and risk management firm Early Warning, enables funds to be sent from one bank account to another typically in minutes, when both parties are enrolled, using only a recipient’s email address or mobile number.

  • Banking On Push Payments For Banking--PYMNTS.com

    In the latest installment of the “Kill The Check” Series, PYMNTS’ Karen Webster sat down with Ingo Money CEO Drew Edwards to delve into the opportunity banks have in helping corporate customers cut back on the time and expense of paper checks...Banks should offer real-time payments as part of their corporate and treasury offerings to cement client relationships and expand revenue opportunities, especially for small and medium-sized businesses (SMBs) that are paying consumers and suppliers, who themselves might be small businesses.

  • Collaboration Hits a Wall for Real Time Payments--Payments Journal

    The word that is most often uttered about the efforts underway to develop a roadmap for real time payments in the U.S. is “collaboration”.  In the reports published and webinars conducted by the Federal Reserve’s Faster Payment Task force, representatives from the Fed and private industry extoll the level of partnership and strong working relationships that has been forged to move the real time payments initiative to its current state.  CUNA, as reported in CUNA News, suggests that there is some discord in all of that collaboration:

Community Blogs

  • The industry has felt the rumblings for months—the significant shift that occurred with the launch of Same Day ACH, The Clearing House’ real-time payments system, and innovators reimagining ways in which to move payments faster. But those rumblings ...

Latest Discussion Posts

  • For those of us in the payments industry, news of the launch of Same Day ACH debits today is a little like Apple's announcement earlier this week of its latest product range - minus all the pomp and fanfare. Today's Same Day ACH debit debut ...

  • I must admit I feel a little like renowned Massachusetts harbinger, Paul Revere, signaling the arrival of the long-awaited Same Day ACH Debit. Though the debit isn't taking us by surprise, there is the potential for you to receive your first Same ...

  • T-minus two days and counting...  Same Day ACH Debits go live this Friday. While many of you may be contemplating next steps on your Origination plan, you must be ready to receive debits this week. It's time for last-minute testing, coordination, ...

  • NEACH's August 16, 2017 member meeting, held in Westborough, Massachusetts, honed in on all things faster payments with members weighing in on their organization's awareness of and participation in the faster payments movement through live polls taken ...

  • Phase 1 of Same Day ACH, which went into effect on September 15, 2016, and enabled credit entries with funds availability at the end of the RDFI processing day was by all accounts an overwhelming success. As the industry gears up for the implementation ...