Pacing Payments

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Welcome to Pacing Payments!

NEACH is pleased to announce the launch of Pacing Payments, a resource designed to aid our members in staying on top of critical developments in faster payments. 

Created exclusively for NEACH members, Pacing Payments features targeted interviews with industry leaders, updates on key initiatives, breaking industry reports, answers to critical questions, customized information, and more. 

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This section of Pacing Payments will bring you the latest news and information from industry reports. Please note that some publications require subscriptions.

Industry News

  • Faster Payments: Does The Fed Have A Hidden Agenda? -- PYMNTS.com

    “Connect the dots” is used as a metaphor to describe how a series of discrete events can explain a “big picture” – often high-impact – action or outcome. Steve Jobs, in his famous 2005 Stanford commencement address, said connecting the dots was only possible with hindsight, by looking in the rearview window at the series of things that had happened over the course of one’s life to explain the actions of the here and now. So let’s connect some dots. Take two announcements from just last week, related to the evolution of faster payments in the U.S. First, there was the Fed’s decision ...
  • Could New Payments Council Push Fed to Move Faster?— Payments Source

    The new U.S. Faster Payments Council states a clear mission — to promote faster payments in the U.S. But this new entity could butt heads with the Federal Reserve if it thinks the Fed isn't moving fast enough. The new council, formed through recommendations from a Fed panel, has enough of the Fed's development plans and guidelines in its bloodstream to keep technology moving forward — at least for now. Still, it is certain that most stakeholders would want to avoid a slow-down of any sort of faster payments development, such as the one Nacha was dealt this week by the Fed in delaying a time frame ...
  • PayPal enables Instant Transfer to Banks for Faster Cash Access — Retail Dive

    PayPal is rolling out a capability that allows PayPal users to instantly transfer money sent to them via PayPal into their bank accounts, a service enabled through the company's partnership with JPMorgan Chase, according to a PayPal blog post. "Instant Transfer to bank," which uses The Clearing House's Real Time Payments network, already is available to U.S. consumers, and will be accessible to U.S. businesses in the coming weeks, with an eventual international rollout also planned, the blog post stated.

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Pacing Payments  

Pacing Payments is a community designed to help you stay on top of critical developments in faster payments. This community features targeted interviews with industry leaders, updates on key initiatives, breaking industry reports, answers to critical questions, customized information, and more.

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Please Note: The information and views set out in this community are those of the author(s) and do not necessarily reflect the official opinion of NACHA, The Federal Reserve or The Clearing House. Where appropriate, NEACH has obtained permission to post on behalf of the represented institutions and bodies. Neither NEACH, the aforementioned institutions and bodies nor any person acting on their behalf may be held responsible for the use which may be made of the information contained therein.