NACHA’s Alliance Releases Primer for Small- to Mid-Sized Financial Institutions
Faster Payments 101 is designed to impart foundational understanding of faster payments and the momentum behind its adoption in the U.S. It also allows users to compare faster payments solutions currently in the marketplace.
This newly revised 9th Edition is an excellent resource for anyone getting familiar with the Rules or as a companion for reviewing the Rules. Purchase in print or ebook format. Or bundle with other publications and save.
NACHA Preferred Partners are a select group of innovators that contribute to NACHA’s strategic efforts in support of the payments ecosystem by removing friction, increasing ease, improving cash flow accessibility and efficiency, as well as supporting sound risk management and security for ACH payments.
This new rule expands access to Same Day ACH by allowing Same Day ACH transactions to be submitted to the ACH Network for an additional two hours every business day. The new Same Day ACH processing window will go into effect on March 19, 2021
This change to the NACHA Operating Rules will enhance quality and improve risk management within the ACH Network by supplementing the existing account information security requirements for large-volume Originators and Third-Parties. This change will be implemented in two phases.
New capabilities of Same Day ACH become effective over phases to allow financial institutions and businesses to acclimate to a faster processing environment, as well as to ease the implementation effort.