On The Web

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Systems

Aptys Solutions Enhances ACH Solution With Receipt Warehouse

May 24 2021

• in
• ACH

“Aptys Solutions , a leading provider of cloud-based payments technology serving over 4,000 financial institutions through enterprise software, faster payments and mobile P2P solutions , announced new ACH functionality that lowers operational and systematic risk for financial institutions with the newly released Receipt Warehouse. Receipt Warehouse allows financial institutions to better manage incoming ACH transactions.”

On The Wires

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Systems

Silicon Valley Bank and Plaid Partner to Provide Secure and Efficient Tokenized Payment Solutions

September 15 2021

• in
• ACH

“Silicon Valley Bank , the bank of the world’s most innovative companies and their investors, and Plaid , a data network powering the digital financial ecosystem, today announced a partnership to allow clients to instantly authenticate bank account information with Plaid and securely generate payments via a tokenized payment solution. SVB is the first bank […]

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Systems

U.S. Government’s Use of ACH Payments Is Vital to Americans | Nacha

September 13 2021

• in
• ACH

“Every day, U.S. government agencies rely on the ACH Network to distribute critical payments because it is safe, secure and reliable. While the government has a history of using Direct Deposit, the U.S. Treasury also recently turned to the ACH Network to deliver $654 billion in economic impact payments to Americans and send child tax […]

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Systems

Same Day ACH Experiences Significant Growth in the Second Quarter of 2021 | Nacha

September 1 2021

• in
• ACH

“With Same Day ACH about to mark its fifth anniversary, new figures from Nacha show astounding growth for this faster payment method. In the second quarter of 2021, Same Day ACH payment volume was 148.7 million, an increase of 82% over the same time in 2020. Those payments transferred $250 billion, up 115% from a […]

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Systems

Advanced Fraud Solutions Announces New Account Validation Tool to Address Nacha’s WEB Debit Account Validation Rule

August 2 2021

• in
• ACH

“Advanced Fraud Solutions (AFS), a leading provider of payments fraud detection software, today announced TrueACH® with Account Validation — a new ACH tool that enables financial institutions to confirm account status and authorized user(s). TrueACH with Account Validation was developed in response to Nacha’s WEB Debit Account Validation Rule, which requires financial institutions to apply a […]

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Systems

Strong Growth Continues for ACH Network As Volume Climbs Nearly 10% in Second Quarter of 2021

July 27 2021

• in
• ACH

“Robust growth continued for the modern ACH Network in the second quarter of 2021. Payment volume climbed 9.9%, with particularly strong growth in business-to-business (B2B) payments. The ACH Network processed 7.3 billion payments in the second quarter, 655 million more than the same time in 2020. The value of those payments was $18.4 trillion, an increase […]

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Systems

Certegy Launches Merchant Virtual Terminal Platform for Check and ACH Transaction Processing

June 30 2021

• in
• ACH

“Certegy , a leading ACH payments and risk management company, today announced the launch of its new Virtual Terminal platform, allowing both in-store and mobile merchants to process paper checks and ACH transactions. Virtual Terminal provides merchants with the option to leverage either a web browser or mobile device to serve as their POS register […]

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Systems

North American Banking Company Becomes Nacha Direct Member | Nacha

June 29 2021

• in
• ACH

“Nacha announced today the addition of North American Banking Company as a Nacha Direct Financial Institution Member. Nacha now has more than 40 Direct Members, consisting of financial institutions and Payments Associations (PAs) that collectively represent nearly all financial institutions across the U.S…Through cross-industry cooperation, innovation and collaboration, Nacha’s Direct Members are committed to shaping […]

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Systems

TokenEx Becomes Nacha Preferred Partner for ACH Data Protection | Nacha

June 8 2021

• in
• ACH

“TokenEx today became a Nacha Preferred Partner for ACH Data Protection. As a Nacha Preferred Partner, TokenEx joins a select group of innovators recognized for offering products and services that align with Nacha’s strategies to advance the ACH Network…This partnership comes at a crucial moment, as Phase 1 of Nacha’s Rule on Supplementing Data Security […]

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Systems

Electronic Healthcare Claim Payments Surge in 2021 | Nacha

May 26 2021

• in
• ACH

“As the COVID-19 pandemic begins to subside, healthcare claim payments are on the rise.  Figures from Nacha, which governs the ACH Network, show nearly 37.4 million healthcare claim payments were made to providers by ACH in March 2021, the most ever in a single month, and an increase of 19.3% over March 2020. The value […]