Jamie Donahue

In today's digital world, it's essential to choose the right payment method for your needs. Whether you're a business owner or an individual, understanding the different payment systems available can help you make informed decisions. Two of the most commonly used payment methods are Real-Time Payments (RTP) and Automated Clearing House (ACH) transfers. While they both serve the same purpose of moving money from one place to another, they function quite differently. This article will explain what RTP and ACH are, how they work, and how they differ from each other.

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🚀 New Blog! iPaaS: One Tool for FIs to Cut Costs, Eliminate Dependencies, and Scale Fintech Connections by Adrian Hsieh, PhD, PMP.🌐 FIs that leverage an iPaaS can adapt to changes efficiently, navigate complex regulatory requirements more easily, and cut costs and overhead. 🔄 Middleware vs. iPaaS: Understand the critical differences and why iPaaS is a game-changer for FIs. 💡 Cut costs and get faster: How iPaaS ensures reliable, scalable, and cost-effective operations. 📈 Ready for open banking? Leverage pre-built connections and standardized open banking APIs for seamless integration. 🔒 Security & Compliance: Stay ahead of regulations like CFPB Section 1033 with robust security measures. 📊 Real-World Success: Learn how one of our customers transformed its digital lending operations. Don't miss out on how iPaaS can future-proof your FI. Read the full blog now: https://lnkd.in/g222bjk9 #FutureProof #BankingInnovation #Fintech #iPaaS #DigitalTransformation #FinancialServices #OpenBanking #APIStrategy #Compliance

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🎬 Major Sandin, SVP of Risk Strategy at U.S. Bank, sheds light on the advantages of AntWorks' low-code Intelligent Document Processing (IDP) solution in our latest video. Dive into how automation possibilities are maximized, especially when dealing with intricate documents filled with images. Missing out on IDP? That could mean overlooking 20-25% of automation opportunities! Don't miss the insights. https://lnkd.in/eA56N2t6 #Automation #USBank #IDP #CitizenDevelopers #AutomationSuccess #AI #ArtificialIntelligence #MachineLearning #DigitalTransformation

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The earth beneath our feet is rumbling again. Read this important article about what can be done practically to plan for such an environment, while protecting your institution's balance sheet and holdings.

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Siloed, manual processes just cannot scale. And with growing dispute volumes and frequent bank acquisitions, the ability to scale is critical. Talk to us today about how your bank or credit union can use the FINBOA platform to manage disputes. #rege #digitalbanking

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When customers expect options to pay online, businesses benefit from the use of electronic lockbox, or eLockbox. This is a remittance payment service that allows customers to make payments in whichever form they prefer while delivering those funds in one simple ACH deposit and compressed data file. Learn how bank lockbox services work in this blog: https://hubs.li/Q02z3RNh0

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Streamline ACH transactions with smarter validation. R03 and R04 errors from manual data entry can drive up costs and create friction. Accelitas goes beyond compliance with Ai Validate Bank Data, a patented solution that identifies invalid bank routing and account numbers instantly, reducing returns and improving customer satisfaction. ✅ 100% US account coverage ✅ Real-time validation ✅ SOC 2 compliant Ready to streamline your ACH transactions? Test drive Ai Validate BD today: https://hubs.la/Q02-6KDF0 #ACHSuccess #BankAccountValidation #PredictiveData

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Harmonate is rolling out new capabilities improving treasury department operations through Treasury Automation. Reach out to learn more at Harmonate. #fundadministration #fundoffunds #AI #ML #automation #saas #fintech #wireinstructions #Treasuryautomation #Automation

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The GOOD, the BAD and UGLY of MBA release of Q1 IMB Net Production Report... ✔️the GOOD…lenders only lost $645 per loan in Q124 vs $2,109 in Q423. ✔️the BAD…this makes 8 consecutive quarters (aka 2 years) of no profits as an industry. ✔️the UGLY… if lenders had the TrustEngine Borrower Intelligence Platform implemented the industry would be profitable. Loan officers who use TrustEngine are 20+ basis points higher gross margins and at least 10% better conversion. The key to profits in this brutal market and future normalized markets is going beyond loan manufacturing. #SpeedToNeed #AlwaysBeCoaching #TrustEngine

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What’s the Buzz in Bank Automation news? In the podcast’s recent episode with our CEO Adam Famularo, it’s how gen AI can provide financial institutions with up to 90% automation. He explained how labor-intensive tasks, like the KYC process, are now easily automated with AI, specifically with our AI Digital Workers. He goes onto say, with AI Digital Workers, financial institutions can get automation for processes up to 70%, but with gen AI tools, “we can get up to 90% automation.” Listen to the podcast episode to learn how: https://bit.ly/3TH32LN #digitalworkers #futureofwork #automation #intelligentautomation #artificialintelligence #fintech genAI

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Our CTO, Abe K., recently sat down with John Kell at Fortune to talk all things #AI. ACI has been integrating #AI and #machinelearning technologies into our solutions for decades, allowing us to help our customers optimize their #paymentsintelligence and combat #fraud. Abe shares how we use generative AI to enable our workforce to handle tasks quickly and efficiently. Find out how now: https://aciw.co/3QvWWf0

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Not long now until NACHA Smarter Faster Payments! If you're heading to Miami Beach this May 6-9 be sure to stop by booth #716 for a chat with the IR team about we can help you simplify payments complexity. #Payments2024 #FedNow #RealTimePayments #HighValuePayments

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In 2022, the Same Day ACH limit increased to $1 million, enabling even more businesses to utilize and benefit from the ACH Network while ensuring their payments continue to be delivered fast, safe and secure. #PaymentsInnovation #CelebrateNacha https://hubs.la/Q02_rkDc0 Do you have a Same Day ACH story? #DYK we expect over 1 billion Same Day ACH payments in 2024?

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Be in the know on #payments news with this week’s #WeekendReads ⬇️ 1. CU 2.0 Podcast: James Colassano on Real Time Payments (RTP) Coming At You https://lnkd.in/g-ru-iXg / CU 2.0 2. New Study Highlights Tech Trends and Top Priorities for Banks in 2024 and 2025 https://lnkd.in/gS-gsKA4 / Bank Automation News 3. Is Request to Pay the New Frontier of Payments in Europe? https://lnkd.in/dH9z-HHK / Payments Cards & Mobile 4. Instant Payments Drive Profits for the Small Restaurants That Use Them https://lnkd.in/eXAyhUx5 / PYMNTS 5. Why Banks and Credit Unions Are Moving Slowly to Real-Time Payments https://lnkd.in/gZ3jz56g / PaymentsJournal

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Unit21 Brings New ACH Fraud Prevention Measures to FIs, Payments Companies and Fintechs Using AI https://lnkd.in/eGQfYQXu #Unit21 #ACHFraudPrevention #Fintech #AI #Payments #FinancialServices #FraudDetection

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Citi reshapes fintech collaboration through API expansion. Naveed Anwar shares with PYMNTS how Developer Portal evolution simplifies integration and compliance. https://hubs.ly/Q032gCmB0

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