Payments - Vizo Financial Blog

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Payments

A collection of 15 posts

Third-Party Wires Service: Your New Payments Sidekick?

Third-Party Wires Service: Your New Payments Sidekick?

Have you ever had a best friend? You know, someone who is always there to back you up or lend a hand when you’re in need? Someone who is a built-in support system? Maybe you refer to them as your sidekick, your wingman, your ride or die – but whatever

2024 ACH Rule Changes and Updates

2024 ACH Rule Changes and Updates

Last year was a quiet year for rule changes and updates, and Nacha took additional time this year to review comments and feedback submitted for the proposed rules for 2024. But nevertheless, last month, Nacha approved several rules and amendments to the rules for this year, and a good portion

Must-Know Pieces of the FedNow® Service Puzzle

Must-Know Pieces of the FedNow® Service Puzzle

Solving puzzles is one of my favorite hobbies. In fact, we had an office party a few months back and one of the activities that we had available to us was a puzzle of our fellow colleagues. I spent over half the day working on that puzzle, completely distracted and

International Fraud Awareness Week: Credit-Push Fraud

International Fraud Awareness Week: Credit-Push Fraud

Spooky season is behind us, but that doesn’t mean there aren’t still people masquerading themselves as someone they’re not. In fact, people disguising themselves and pretending to be someone else is quite common, especially when there is an opportunity for financial gain. According to the Federal Trade

All the Buzz About The FedNow® Service

All the Buzz About The FedNow® Service

Word around the hive is there’s a new “queen bee” in town, and I’m here to tell you that it’s true! (Although, someone might want to break it to Beyoncé.) There is a new payments rail buzzing about — called The FedNow® Service. This new instant payment rail

The FedNow Service Saga Continues: What’s Next?

The FedNow Service Saga Continues: What’s Next?

By now you know that the next chapter of the FedNow℠ Service – the official launch – has been slated for July. With only a few months until then, we wanted to share some additional information and next steps for us here at Vizo Financial, but also for your credit union, so

ACH Rules to Remember in 2023

ACH Rules to Remember in 2023

After several years of changes and moves to modernize the ACH process, 2023 is proving to be a much quieter season when it comes to ACH Rules updates. And while there may be other big payment solutions on the horizon – FedNow Service, anyone? – ACH is still one of the most

The FedNow Service: Answers to Your Burning Questions

The FedNow Service: Answers to Your Burning Questions

What happens within a second? It’s such a brief measurement of time that not many things can happen. But that’s about to change in the realm of payments. In fact, it’s safe to say that a monumental change in how we process transactions is on the horizon

Vizo Financial Featured in the Federal Reserve’s New FedNow Service Provider Showcase

Vizo Financial Featured in the Federal Reserve’s New FedNow Service Provider Showcase

Vizo Financial is proud to be featured in the Federal Reserve’s new FedNowSM Service Provider Showcase, an online resource designed to connect financial institutions looking to adopt and innovate upon the FedNow Service with service providers offering instant payment solutions. “Vizo Financial is excited to be part of the

Your Financial Services Renaissance Starts with DoubleCheck

Your Financial Services Renaissance Starts with DoubleCheck

You know that sensation when you’re watching a TV commercial or walking down the street and something catches your eye so you have to whip around and do a quick double take? That’s exactly what your members will do with an overdraft and non-sufficient funds (NSF) program revamp

4 Reasons NOW is the Time to Capture the Benefits of Mobile Deposit

4 Reasons NOW is the Time to Capture the Benefits of Mobile Deposit

The pandemic has changed our lives in a number of ways, hasn’t it? From curbside pickup at pretty much any restaurant you can name to online schooling for our kids. But one thing is pretty consistent among all those changes – technology. And it’s not just schools and retail

New ACH Meaningful Modernization Rules

The continuous developments in technology have ultimately led to self-driving cars, virtual assistants like Alexa and Siri, 3-D printers and so much more. Technology is essentially simplifying the world we live in, which was the purpose behind Nacha’s ACH Meaningful Modernization Rules that went into effect on September 17,

2021 Nacha ACH Rules: What's Changing?

2021 Nacha ACH Rules: What's Changing?

There are many words that could be used to describe the last year. One that comes to mind is the word “change.” There were TONS of changes in 2020 and there are definitely more ahead for 2021. But this post is going to focus on one thing...the operations and