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Payments

A collection of 24 posts

Winning Gen Z's Wallet: Why Faster Payments Matter for Gig Workers

Winning Gen Z's Wallet: Why Faster Payments Matter for Gig Workers

For Gen Z, money moves differently because life moves differently. This generation grew up in a digital-first world where nearly everything is instant: communication, shopping, entertainment, transportation and work opportunities. And with that being the foundation of their reality, it also shapes their expectations for financial services. That’s

All Aboard: A Conductor’s Rundown of Payment Rails

The FedNow Service

All Aboard: A Conductor’s Rundown of Payment Rails

Payment rails are the infrastructure, technology and networks that move money between payers and payees. Think of them as railways for your money. They are different from payment processors or platforms. Demystifying the Infrastructure To understand payment architecture, you must look beneath the sleek user interface of the checkout page.

Instant Payments in Action: What Credit Unions Need to Know

Instant Payments in Action: What Credit Unions Need to Know

Instant Payment Basics Instant payments are changing the way financial institutions move money, giving credit unions an opportunity to provide faster, more convenient service to members. While traditional payment rails have long been the standard, instant payments introduce a different approach that requires financial institutions (FIs) to think beyond speed

Navigating the 2026 ACH Rule Changes and Updates

Navigating the 2026 ACH Rule Changes and Updates

The payments landscape changes every year, and periodically, so do the Nacha Operating Rules and Guidelines that govern ACH transactions. That’s true in 2026, as many changes are being implemented to improve readiness, fraud prevention and consistency. So, let’s take a look at the 2026 ACH rule changes

Exploring the Evolution and Future of Card Payments

Exploring the Evolution and Future of Card Payments

As technology has been rapidly advancing over the past two decades, so have the functionalities and capabilities of card payments. The days of swiping plastic at the register are mostly behind us, and the rise of newer methods like contactless payments, digital wallets and embedded payments have quickly become standard

Preventing Payments Fraud with a Multi-Defense Strategy

Risk Management

Preventing Payments Fraud with a Multi-Defense Strategy

In our fast-paced digital world, payments fraud has become a ubiquitous component of everyday business operations. In fact, 79 percent of organizations have experienced fraud attempts, according to Truist’s 2025 AFP survey. It’s an unfortunate reality, and while it may seem like an insurmountable challenge, there are

The ACH Backup Plan Your Credit Union Needs

The ACH Backup Plan Your Credit Union Needs

It’s not official yet, but we’re just waiting for Merriam Webster to deem “uncertainty” as the word of the year for 2025. We’re not surprised by any means, but it’s certainly (ironic, huh?) wearing out its welcome these days. Instead of resisting the word, though, why

A Payment Revolution...Again: Instant Payments & the ACH Connection

A Payment Revolution...Again: Instant Payments & the ACH Connection

Time travel with me for a moment back to the 1970s. Disco music and the American Top 40 countdown with Casey Kasem took over our radios. Blockbusters like Jaws, Star Wars and The Exorcist captivated (or appalled) audiences. There was political unrest with the Vietnam War, the oil crisis and

Get Clued In: 2025 ACH Rule Changes and Updates

Get Clued In: 2025 ACH Rule Changes and Updates

Grab your trench coat…it’s time to investigate the upcoming ACH rule changes and updates! It’s certainly not a secret that the Nacha Operating Rules and Guidelines change each year to ensure compliance and efficiencies as more and more transactions are processed through the ACH Network. But what

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

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

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

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