On The Web
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“Paya Holdings Inc. is known for its base in integrated payments and for its processing concentration in card-not-present transactions. But what also became clear early Monday is its growing strength in bringing capability for automated clearing house payments to its roster of clients.”
On The Wires
nbsp;Nacha Mulls Same-Day ACH Limit Increases to $1 Million and Above
“After receiving enthusiastic responses to last year’s same-day ACH limit increase, the National Automated Clearing House Association (Nacha) has proposed layering in major limit increases over the next three years that would enable corporates to speed up a wide variety of debits and credits. The proposal was issued December 7 and received 107 industry comments […]
ACH Network Sees Record Growth in 2020 to 26.8 Billion Payments | Nacha
“Payment volume on the ACH Network experienced record growth in 2020 as the pandemic accelerated the nation’s shift to electronic payments. The 26.8 billion payments made on the ACH Network in 2020 is an increase of 8.2% over 2019, while the value of those payments, $61.9 trillion, is up 10.8%. A record of more than […]
ACH Network Volume Climbs 8.9% in Fourth Quarter | Nacha
“Strong growth continued on the ACH Network in the final quarter of 2020, with 7 billion payments made, an increase of nearly 9% from a year earlier. Combined with data on check payments, the results show the dramatic impact of the pandemic on the use of payments by Americans, businesses and government agencies compared to […]
Nacha Launches DirectDeposit.org | Nacha
“Direct Deposit is one of those things that’s easy to take for granted. Yet, like clockwork, it delivers employees’ pay as well as Social Security and veterans’ benefits. To help consumers better understand how it’s used every day, Nacha recently launched directdeposit.org . The site is designed to educate consumers about ACH payments, which are […]
Nacha’s New Resource Center Assists Corporate ACH Users
“Businesses and other organizations play an important role in the modern ACH Network, which is why Nacha has created a new ACH Rules for Corporates Resource Center dedicated to assisting them. Nacha’s ACH Rules for Corporates Resource Center is a one-stop hub for corporate end users to keep up with developments to the Nacha Operating […]
Mazooma partners with Plaid for igaming and sports wagering payments
“Mazooma, a gaming industry leader for more than 15 years, has partnered with Plaid , a financial data network powering thousands of digital apps and services, to bring an Instant Bank Transfer payment solution to igaming and sports wagering operators in certain regulated U.S. states. The offering is now available for deposits and withdrawals on […]
Nacha Announces Tempus Technologies as an ACH Payment Facilitator Preferred Partner
“Tempus Technologies is now a Nacha ACH Payment Facilitator Preferred Partner. In becoming a Preferred Partner, Tempus Technologies joins a select group of innovators that Nacha recognizes for offering products and services that align with Nacha’s core strategies to advance the ACH Network…For more than three decades, Tempus Technologies has earned a reputation for developing […]
Nacha Adds Nivelo to Phixius Early Adopter Program
Nacha welcomes Nivelo to its growing list of partners– including Visa – who have signed up as an early adopter of Phixius, a payment-information exchange platform that helps organizations more securely share and manage electronic payments information.
ACH Network Volume Increases 9% in Third Quarter, as Commercial Payments Volume Rebounds
“The ACH Network had exceptionally strong growth in the third quarter of 2020, with a resurgence of commercial volume even as some government assistance payments have largely concluded. Volume on the ACH Network totaled 6.8 billion payments in the third quarter, a 9% increase from the same period in 2019. The value of those payments, […]