By The Numbers

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By The Numbers
Real Time Payments Around the World

As a category, moving money instantly is often called “faster payments.” Faster payments are defined by three attributes: speed (instant), availability (24x7x365), and confirmation (available to both sender and receiver immediately). And though we think of the United States as a global leader in innovation, when it comes to faster payments, we are lagging way behind. 

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By The Numbers
What Does INDN Mean?

Bank statements can be difficult to understand. We’ve previously written about bank statement descriptions and how they work. In this post, we will focus on a specific abbreviation, INDN, that you may see on your bank statement.

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By The Numbers
What is the PCI of Bank Payments?

Credit card users today can transact online with peace of mind because card-accepting merchants are subject to Payment Card Industry Data Security Standard (PCI DSS). Security is also a concern for bank payments.

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By The Numbers
Why Idempotency Matters in Payments

At Modern Treasury, we place a strong emphasis on building systems that behave predictably and are resilient to failures. An important characteristic of these systems is that they are idempotent. In this article, we’ll explain what being idempotent means and why it is important for systems that handle payments like we do at Modern Treasury.

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By The Numbers
Why Processors Hold Funds Up to 7x Longer Than Your Bank

When we talk to companies, we’re often surprised by the misconceptions that exist around ACH.

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By The Numbers
Which banks have Real-Time Payments?

With all the talk about Real-Time Payments, it can be hard to find good information. One thing we often get asked by payment operations and engineering teams is which banks are RTP-enabled. They want to know: “can I send RTP payments with my bank?”

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By The Numbers
The Top Money Movers in the US

In March, NACHA released their listing of top ACH financial institutions. We always want to know as much as possible about how money moves in the United States, so we took a deep dive into the data they published.

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By The Numbers
The Top 5 ACH Payment Types and an ACH Payment Glossary

The ACH network supports dozens of payment scenarios. These categories appear as a unique 3-character Standard Entry Class (SEC) code with every entry. The SEC code dictates which rules and regulations apply to a given payment, who can start them, and under which specific scenarios they can occur. This list is not exhaustive, but we have included descriptions for SEC codes companies are likely to receive or start themselves.

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By The Numbers
B2B Payments vs. C2B Payments: What Makes Them So Different?

This post lays out how money moves between companies, how that differs from consumer payments, and some surprising upcoming changes.