ACH

Walmart, ACH and the Elusive P2P Solution

By Elizabeth McQuerry on April 28 2014

Walmart’s announcement that it would offer store-to-store money transfers has a number of interesting aspects worth pondering.  At a high level, this seems like a no brainer. People need to send money to other people and lots of folks find themselves in Walmart’s stores throughout the week. Indeed, if it wanted, the world’s largest retailer […]

ACH

Same Day ACH – A Step (or Lurch) Ahead

By Carol Coye Benson on March 25 2014

NACHA recently announced plans for a phased introduction of same-day settlement for ACH.  I spoke with NACHA President and CEO Jan Estep this morning about the initiative. First of all, I congratulate Jan – and the ACH community – for picking up the fallen banner, for as we know, a previous version of this was […]

ACH

The Geeks Weigh In: Immediate Funds Transfers Are Happening!

By Elizabeth McQuerry on May 1 2013

Are you a payments geek?  You might be interested to hear what your peers think about immediate funds transfer (IFT). The recent 2013 NACHA Payments Conference was full of interesting conversations and panels and the hottest topic was (IFT). I counted no fewer than four panels on the subject, including the one I organized with […]

ACH

International Remittances: And the Good News Is…

By Elizabeth McQuerry on September 9 2012

Editors Note: Elizabeth McQuerry joined Glenbrook last week and this is her first Payments Views contribution. Her practice will focus on International payments and ACH. Welcome Elizabeth! We are living an amazing period in the payments industry – a new “golden age of payments”, perhaps?  I’m super excited to participate in these developments as a […]

ACH

Bankers to NACHA: 1978 Is Modern Enough for Us!

By Carol Coye Benson on August 18 2012

The NACHA membership has reportedly turned down the concept of “Same Day ACH“. This was a request for comment, put out about a year ago by NACHA staff, to — get ready for this — not move the ACH to same day, but simply allow originating banks the option of submitting a same day batch […]

ACH

A Look Back at Payments in 2011

By scott on December 20 2011

As we’re winding down for the year, we wish you the best for you and your family this holiday season! At Glenbrook, we thrive on thinking about how payments are evolving and how these changes will affect us in the years ahead.  In this look back at the important payments themes of 2011, we share […]

ACH

That’s More Like It: NACHA Proposes Same Day ACH

By Carol Coye Benson on September 29 2011

NACHA, the ACH rule-making body that has often seemed like a rabbit among the lions, has stepped out aggressively with a request for comment on a proposed “Same Day ACH” service. As a long time admirer of the U.K.’s “Faster Payment” system (roughly analogous), I am delighted to see the prospect of a similar service […]

ACH

Reflections on NACHA Payments 2011

By Erin McCune on April 6 2011

Got back this morning after a whirlwind two days in Austin for NACHA Payments 2011. I was in briefings or meetings nearly the whole time, so I barely attended break outs and skipped all of the general sessions, but here are my reflections based on my observations, various conversations on the exhibit floor, and my […]

ACH

ACH and the Future of Electronic Payments: BAI Convenes the Ultimate ACH Panel

By Erin McCune on March 3 2010

Glenbrook’s Erin McCune is in Orlando for BAI’s Payments Connect conference. At its Payments Connect conference BAI assembled a dream ACH panel, consisting of: Jan Estep, CEO NACHA Rich Oliver, EVP Retail Product Manager, Federal Reserve Rossana Salaris, SVP, Payments Products, The Clearing House Stephanie Sturgis-Griffin, CEO Pariter Solutions The session was moderated by Fred […]

ACH

Same Day ACH – Parity With Checks, But What About Cards?

By Carol Coye Benson on October 7 2009

Erin McCune and I attended the Association for Finance Professionals conference in San Francisco on Monday and Tuesday. With 4,000 plus “practitioners” and vendors there, and a robust Payments Track, there was a lot of food for thought. A standout session was “Same Day ACH” with Rich Oliver of the Fed (and the champion of […]