Call for faster paychecks overlooks key facts
The Fed's development of a real-time payments systems has sparked a pointless debate about paper checks. ... Read full article
News Topic: NACHA
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Fed pumps the brakes on Nacha plan for faster Same-Day ACH
After more than two years of successful operation in delivering Same-Day ACH payments, Nacha's request to add a third processing window has been denied by the Federal Reserve, which says it has to obtain public comment on the concept. ... Read full article
Fed commits to speeding up payments following task force report
In early fall, the central bank is expected to announce its next steps regarding how to improve the aging U.S. payments system. ... Read full article
The future of faster payments is collaboration
The industry has made great strides in faster payments over the past year. Even more cooperation among stakeholders will be needed in the year ahead. ... Read full article
More than 13M same-day ACH payments made in late 2016
Direct deposit transactions accounted for 52% of all transactions processed through the speedier system ... Read full article