Payments News

On The Web

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Systems

Aptys Solutions Enhances ACH Solution With Receipt Warehouse

“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

“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

“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

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

“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

North American Banking Company Becomes Nacha Direct Member | Nacha

“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

“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

“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 […]