Peter Scharnell

How to Send Mass ACH Payments 💰 Paying a list of recipients is easier than you think. Send multiple ACH payments that deliver either same day, or in standard ACH times with GiveCard. (P.S. Looking to deliver payments faster than ACH? GiveCard does instant payments too!) To learn more, get in touch with us here: https://lnkd.in/g47P_vTg #ACH #masspayments

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In 2013, Nacha developed rules for person-to-person (P2P) payments, enabling more and more payments among consumers to use the ACH Network in a seamless way to transfer money. #PaymentsInnovation #CelebrateNacha #ThrowbackThursday Are you using person-to-person ACH payments with your friends and family members?

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Read this Sharetec Systems article to learn about how they are providing #creditunions with #instantpayments to meet members' everyday needs: https://hubs.li/Q02Ys6TL0

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Talk to us about your ACH requirements here: https://bit.ly/3WBTp2c What is an ACH payment rail? ACH stands for Automated Clearing House and is managed by National Automated Clearinghouse Association. It seamlessly transfers funds between bank accounts via the ACH network, powering and simplifying daily financial transactions for businesses. It was a system designed and released more than 50 years ago in 1972. Back then it was revolutionary. While it has delays associated with it, it has stood the test of time and remains the most widely used system for payments in the US, with volumes in the year 2023 exceeding 30 billion transactions for more than 80 trillion dollars. The ACH network supports two primary transaction types: ACH credit, where money is pushed into the recipient's account (example: employer deposits), and ACH debit, where funds are pulled from the payer's account (example: direct payments).

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Great slide from Brett King’s “CU 5.0 blueprint for tomorrow’s credit unions” session at the TruStage Discovery2024 Conference. We agree that digital delivers better member service and drives growth for credit unions. It’s what we’re delivering for leading credit unions with FIQ Journey. This easy to implement, white-label platform brings hybrid digital advice and self-directed investing together in a single investor experience, providing members with the digital engagement they want and credit unions with the proven, scalable technology they need for profitable organic growth. Whether your goal is democratization of the investing process to attract new members or a small accounts solution for member retention to stop ACH outflows, our team can work with your credit union to integrate FIQ Journey into your existing systems, infrastructure, and member care teams, minimizing disruptions and the need for expensive modifications. You can learn more about FIQ Journey here: https://lnkd.in/g62NVJnh #creditunions #digitaltransformation #discovery2024 #banking #fintech

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Ever wondered about the best way to send or receive money electronically? 🤔 Our latest blog post breaks down the key differences between ACH and wire transfers. Both methods are convenient and card-free, but choosing the right one really depends on your specific needs. In this blog you'll learn about: ‣ How each transfer method works ‣ Key similarities and differences ‣ Factors to consider when choosing Make informed decisions for your business's #financial transactions. Read more ⤵

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The current challenges of ACH fraud require an industry wide approach. Download our new infographic, NACHA’s New Rules: What Your Institution Needs to Know, to learn how your institution can be prepared to respond to this evolving landscape. https://buff.ly/3zMrvbh

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Mbanq joins The BaaS Association! This alignment supports Mbanq in helping drive best practices within an industry that is rapidly changing in response to regulatory and technology shifts. Read more here: https://lnkd.in/gEUJtB53 #BaaS #CommunityBanks #Banks #FinTech #Innovation Vlad Lounegov Dave Mayo

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Mark Donovan and Jamie Singer of INB explain how the community bank makes in-demand services like instant payments readily available for their customers: https://lnkd.in/dZdc3vN9 #payments #banking #FederalReserve #FedNow #communitybank #instantpayments #fasterpayments

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The future of #InstantPayments and the continued growth of #ACH payments were the key topics during today’s main stage discussion with David Watson, Jane Larimer, Nacha, and Mark Gould, Federal Reserve Financial Services, at Nacha Smarter Faster #Payments2024 conference. Key takeaways: • RTP network breaking records: 76M transactions Q1 2024 • Same Day ACH 20% growth: customers looking for faster payment options • ACH, Instant, and Wire all solve different payment needs: room for all

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We're closing out B2B Payments 2024 on a high note with a live virtual conversation starring Corrie DeCamp, Chief Product Officer at Billtrust! This panel will explore the compelling reasons for automating AR processes, addressing the challenges and inefficiencies of manual AR, including high costs, errors, and delayed payments. It's not too late, register for free now! https://hubs.ly/Q02V_0Lq0

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FIS Launches SMB Digital Lending to Streamline Small Business Loan Processes “FIS’ SMB Digital Lending solution is a game-changer for financial institutions and small businesses alike,” said Steve Sabin, SVP, Division Executive, FIS Lending. “By partnering with Lendio, we are leveraging our unmatched scale and reach in the banking industry plus Lendio's advanced small business underwriting technology and empowering financial institutions to profitably serve their small business customers. The expansion of our digital banking capabilities illustrates FIS’ commitment to serving the entire money lifecycle—whether at rest, in motion, or at work—and I look forward to seeing the positive impact the solution brings.” https://lnkd.in/eEF_6zcq Brock Blake #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Financial institutions could maximize the value of the FedNow® Service by enabling send capabilities for customers. Discover how: https://lnkd.in/dH6itN_r #payments #instantpayments #FedNow #banking #FederalReserve

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Nutmeg State Financial Credit Union Launches Alkami Technology as Digital Banking Partner for Retail Banking Capabilities “After nearly two years of planning and a thorough review of best-in-class providers, we applied a rigorous scoring methodology to select a solution that aligns strategically with our vision. Our new mobile banking Platform represents a significant step forward in advancing our digital-first commitment to our members. It enhances our ability to continuously explore innovative, forward-thinking solutions to meet the evolving financial needs of both our members and their families,” said Greg Angelillo, chief experience officer at Nutmeg State Financial Credit Union. https://lnkd.in/ew2SSbvZ Jeff Chen ANDRES SUAREZ Gustavo Romero Jozi Hall #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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The Future of ACH: The Value and How to Include It in Your Payment Strategy #SaaS #Integrated #Payments #Prepaid #Print #Mail #Fintech https://hubs.ly/Q02Rn85l0

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