Direct deposit

Nacha Celebrates 50 Years of Payments Innovation

Retrieved on: 
火曜日, 5月 7, 2024
Technology, Payments, Finance, Fintech, Banking, Electronic Commerce, Professional Services, Digital Cash Management, Digital Assets, Software, Education, Direct deposit, ACH, International, McEntee, ACH Network, Risk management, Handbook, Accreditation, NACHA, Private sector, AAP, IAT, Bank

Fast forward 50 years—today Nacha is not only known for governing the thriving ACH Network, but also for developing rules and standards, providing industry solutions, and delivering education, accreditation, and advisory services.

Key Points: 
  • Fast forward 50 years—today Nacha is not only known for governing the thriving ACH Network, but also for developing rules and standards, providing industry solutions, and delivering education, accreditation, and advisory services.
  • The year’s festivities kicked off in earnest today as Jane Larimer, Nacha President and CEO, joined two of her predecessors on stage here at Smarter Faster Payments 2024 to reflect on a half-century of payments innovation and to look ahead at Nacha’s future.
  • Larimer promised that the first 50 years are only the beginning for Nacha and the ACH Network.
  • Nacha will continue to grow Same Day ACH through expanded processing windows and faster funds availability, build superior risk-management tools and resources, continue to foster an engaged and diverse payments community, deliver best-in-class payments education and accreditation programs, and continue to advance payments system innovation and interoperability.

UFCU Field of Membership Expands to Include Greater Austin YMCA Staff

Retrieved on: 
月曜日, 3月 25, 2024
Partnership, Education, School, Organization, Greater Austin, Direct deposit, Management

AUSTIN, Texas, March 25, 2024 /PRNewswire/ -- UFCU is pleased to announce a formal partnership between UFCU and the Greater Austin YMCA (the Y).

Key Points: 
  • AUSTIN, Texas, March 25, 2024 /PRNewswire/ -- UFCU is pleased to announce a formal partnership between UFCU and the Greater Austin YMCA (the Y).
  • UFCU has expanded its field of membership to include YMCA employees as part of this larger relationship between the two organizations based on similar missions to support and serve a diverse community.
  • The YMCA is the latest among more than 200 schools, employers, and organizations in UFCU's field of membership .
  • Perks of being in UFCU's field of membership include Direct Deposit services, access to paychecks up to two days early, and many other financial solutions.

Meriwest Credit Union Introduces SMART Start Checking for Youth, Empowering Financial Independence

Retrieved on: 
火曜日, 2月 20, 2024
Online, Marketing, Meriwest Credit Union, Parent, Direct deposit, Parental controls, Credit union, Independence, Child, Financial management, Ageing, Bank

SILICON VALLEY, Calif., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Meriwest Credit Union has announced the launch of the SMART Start Checking Account, tailored specifically for youth aged 9 to 17.

Key Points: 
  • SILICON VALLEY, Calif., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Meriwest Credit Union has announced the launch of the SMART Start Checking Account, tailored specifically for youth aged 9 to 17.
  • Independence is encouraged with the SMART Start Checking Account, eliminating the need for teens to rely on their parents' credit cards or carry cash.
  • The SMART Start Checking Account is designed to instill smart financial habits and promote independence from an early age.
  • To learn more about the SMART Start Checking Account and how it can help your child develop a strong foundation for financial success, visit www.meriwest.com , stop by a financial center, or contact Meriwest Credit Union at 877-637-4937.

Nacha Launches New Campaign Highlighting the Many People Benefiting from Direct Deposit

Retrieved on: 
水曜日, 2月 28, 2024
Professional Services, Payments, Data Management, Technology, Software, Finance, Banking, Veteran, Safety, Navy, Social Security, Insurance, ACH Network, Social, Dog, Beauty, Multimedia, Education, Direct deposit, Bank

A new campaign unveiled today by Nacha aims to educate and inform people on the many other ways to simplify their lives by making the best use of Direct Deposit.

Key Points: 
  • A new campaign unveiled today by Nacha aims to educate and inform people on the many other ways to simplify their lives by making the best use of Direct Deposit.
  • View the full release here: https://www.businesswire.com/news/home/20240228036599/en/
    Nacha Launches New Campaign Highlighting the Many People Benefiting from Direct Deposit (Photo: Business Wire)
    With a spotlight on real people—not actors—the campaign showcases how Direct Deposit helps Americans seamlessly receive not only their wages but many other types of payments as well.
  • “This campaign shines a light on how Direct Deposit is working for people far beyond delivering their pay.”
    Among those profiled is Christopher who served in the Navy and is among the 97% of veterans receiving their benefits by Direct Deposit.
  • Ralph, a communications professional, relies on Direct Deposit to receive pet insurance claim reimbursements for his dogs, including Walter.

Same Day ACH Growth Helps Lead ACH Network to Solid Third Quarter Results

Retrieved on: 
火曜日, 10月 17, 2023
Finance, Banking, Payments, Professional Services, Technology, Organization, Multimedia, ACH Network, Growth, ACH, Direct Payments, Direct deposit, Larimer, Bank, Cryptocurrency

Ongoing adoption of Same Day ACH and the continued increase in business-to-business (B2B) payments led the ACH Network to robust results in the third quarter of 2023.

Key Points: 
  • Ongoing adoption of Same Day ACH and the continued increase in business-to-business (B2B) payments led the ACH Network to robust results in the third quarter of 2023.
  • So far in 2023, the ACH Network has handled 597.6 million Same Day ACH payments valued at $1.78 trillion, respective increases of 16% and 42.4% compared to the first three quarters of last year.
  • “The one million dollar limit and the three settlement times each business day make Same Day ACH a great choice for faster payments.”
    B2B also continues to be a growth area for the ACH Network.
  • Total third quarter volume on the ACH Network was 7.8 billion payments, up 3% from the same time last year and 4.6% per processing day.

PrimePay Unveils New Mobile-First Employee Self-Service Experience

Retrieved on: 
水曜日, 9月 27, 2023
Coffee, Certification, ESS, Software as a service, Food, HCM, Health, Face, Direct deposit, Management, Online shopping

WEST CHESTER, Pa., Sept. 27, 2023 /PRNewswire-PRWeb/ -- PrimePay, the human capital management (HCM) SaaS company for growing businesses, today unveiled enhancements to its mobile employee self-service (ESS) portal, bringing a new level of convenience and accessibility to employees and businesses alike.

Key Points: 
  • Small and midsize businesses face unprecedented challenges to meet employee expectations and adapt to a flexible way of work.
  • "PrimePay's enhanced mobile-first experience gives workers easy access to their pay and benefits, and guides them to manage their own information without HR administration."
  • Key features of the PrimePay mobile-first experience include:
    Smooth Onboarding: Employees are guided through a streamlined onboarding process where they can complete their onboarding tasks and hit the ground running.
  • Multiple Languages: The new experience is available in Spanish and Simplified Chinese, offering a better experience for non-native English speakers.

Introducing the Venmo Teen Account

Retrieved on: 
月曜日, 5月 22, 2023
Mastercard, Gen, Friends, Futures contract, FDIC, Privacy, USD, Generation Z, Card, Parents in Arms, Guardians of the Galaxy, PIN, ATM, MoneyPass, SAN, Direct deposit, Research, Family, Bank, Birth control, Toy, Cryptocurrency, Venmo, Parent

Parents and legal guardians can now open a Venmo Teen Debit Card and a Venmo account for teenagers 13 to 17 years old, so they can send, receive, and spend money

Key Points: 
  • Parents and legal guardians can now open a Venmo Teen Debit Card and a Venmo account for teenagers 13 to 17 years old, so they can send, receive, and spend money
    SAN JOSE, Calif., May 22, 2023 /PRNewswire/ -- Venmo today introduced the Venmo Teen Account, providing parents and legal guardians the ability to open a Venmo account for their teenagers between the ages of 13 to 17-years-old so they can send and receive money.
  • What Parents and Teens Will Love About the Venmo Teen Account:
    Each Venmo Teen Account is connected to and managed by a parent's personal Venmo account and provides parents with essential parental controls and oversight of the activity on their Venmo Teen Account.
  • Convenient: The Venmo Teen Account has no monthly fees and offers no-fee cash withdrawals at participating ATMs through the Venmo Teen Debit Card3.
  • Parents sign up their teen for a Teen Debit Card, which is linked to the Venmo Teen Account balance, and can choose to grant the teen access to the Venmo app.

Same Day ACH Helps Lead ACH Network to Strong First Quarter Growth

Retrieved on: 
月曜日, 4月 17, 2023
Professional Services, Payments, Technology, Finance, Fintech, Banking, Growth, ACH Network, ACH, Multimedia, Direct deposit, Video game, Bank

The ACH Network began 2023 with solid growth in the first quarter, particularly in Same Day ACH where payment dollar values nearly doubled from a year earlier.

Key Points: 
  • The ACH Network began 2023 with solid growth in the first quarter, particularly in Same Day ACH where payment dollar values nearly doubled from a year earlier.
  • (Graphic: Business Wire)
    A total of 7.7 billion payments valued at $19.7 trillion were handled by the ACH Network, each representing an increase of 6.4% over the first quarter of 2022.
  • “Same Day ACH is a key component of how the modern ACH Network is helping meet the demand for faster payments,” said Jane Larimer, Nacha President and CEO.
  • Direct Deposit also showed strong growth in the first quarter, retrenching after a decline a year earlier with the end of federal economic impact payments.

Nacha Certified Is Key for Payroll Companies to Demonstrate High Standards

Retrieved on: 
水曜日, 3月 1, 2023
Professional Services, Payments, Technology, Finance, Fintech, Banking, Workplace, IA Financial Group, ACH Network, CPP, Paycor Stadium, Organization, IRIS, Nacha, Thought, Ruth Minsky Sender, Paychex, Certification, Direct deposit, HCM, ACH, Health insurance, Bank, Audit

Ninety-three percent of Americans receive their pay via Direct Deposit, meaning payroll companies need to be highly knowledgeable about the ACH Network.

Key Points: 
  • Ninety-three percent of Americans receive their pay via Direct Deposit, meaning payroll companies need to be highly knowledgeable about the ACH Network.
  • Payroll companies must also demonstrate they have taken the necessary steps to understand and manage risks so that hardworking Americans can continue receiving their pay seamlessly.
  • “Being Nacha Certified demonstrates you are thinking about clients’ needs not just for today but for the future.”
    myPay Solutions is joined by CBIZ HCM, Netchex, Paychex and Paycor as payroll companies that are Nacha Certified.
  • Becoming Nacha Certified is the most straightforward way to show that you have taken active steps to manage ACH risks.

ACH Network Moves 30 Billion Payments, $77 Trillion in 2022 Led by Growth in Same Day ACH and B2B

Retrieved on: 
水曜日, 2月 22, 2023
Professional Services, Payments, Technology, Finance, Fintech, Banking, Organization, Direct deposit, Multimedia, Same, ACH, ACH Network, Larimer, Late Night, Dental, B2B, Health care, Cryptocurrency, Bank

The modern ACH Network safely and efficiently processed 30 billion payments valued at $76.7 trillion in 2022, increases of 3% and 5.6% respectively over 2021.

Key Points: 
  • The modern ACH Network safely and efficiently processed 30 billion payments valued at $76.7 trillion in 2022, increases of 3% and 5.6% respectively over 2021.
  • View the full release here: https://www.businesswire.com/news/home/20230222005003/en/
    “2022 marked the tenth consecutive year in which the total value of ACH payments increased by at least $1 trillion.
  • “Corporate and other ACH users wanted an increase in the per-payment limit for Same Day ACH, and the ACH Network delivered that last March,” said Larimer.
  • Also in 2022, the ACH Network implemented Late Night ACH, the distribution of additional files to all receiving institutions by 11:30 p.m.