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NACHA released Same Day ACH transaction volume data for October, the first calendar month following Phase 1 implementation on Sept. 23, 2016. Same Day ACH, an industry initiative to move payments faster, was responsible for 3.8 million transactions in October, totaling $4.98 billion with an average transaction amount of $1,303. This data shows strong use [...]

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The world seems to have got itself into a great big, tearing hurry. Consumers can send and receive e-mail across the globe in near-real-time. They can download a movie to watch immediately, or buy groceries online for delivery within one-hour slots. The payments industry is also engaged in its own race against time, which is [...]

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ACI Worldwide and VocaLink have announced a partnership to offer a complete end-to-end immediate payments solution to launch a domestic or regional immediate payments network. It is the first global strategic partnership of its kind and will offer participants a pre-integrated solution, enabling quicker onboarding to the payments scheme and broader reach to more scheme [...]

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IBM says The Clearing House, a national payments system operator for the US banking industry, has selected it to help deliver a new real-time payments system due to roll out in 2017. Set to transform domestic digital transactions, the real-time payments system (RTP) is designed to enable consumers and businesses across the US to send [...]

The post The Clearing House signs IBM to transform the US real-time payments appeared first on Payments Cards & Mobile.

Research released by Payments Canada and the Bank of Canada exploring Clearing and settlement systems and payment system modernization initiatives around the world reveals a global trend towards infrastructure enhancements that support faster payments. Exec Summary Most jurisdictions share a common interest in pursuing the public policy objectives of safety, efficiency and meeting the needs of [...]

The post Clearing and settlement systems from around the world: A qualitative analysis appeared first on Payments Cards & Mobile.