Celebrating Five Years of Same Day ACH
New innovations often come and go. Electric typewriters and adding machines had their day. But some take hold and grow roots. Same Day ACH is a perfect example.
When Same Day ACH got its start in 2016 it was for credits only. In the first six processing days that September there were 1.3 million payments worth a total of about $1.5 billion. Not a bad start by any means, but once those roots started growing nice and deep, things certainly took off.
Additional Resources
Expanding Same Day ACH: How We Got Here
It was Sept. 23, 2016. The Dow Jones Industrial Average was at 18,261 and Same Day ACH made its debut. Fast forward to March 2021 and much has changed.
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Crypto and ACH: An Up and Coming Pair
September 27, 2021
The vast majority of cryptocurrency companies and platforms are increasingly interested in ACH. While at first glance it might not seem like a natural pairing, the synergy comes into focus for one prime reason: ACH gives a competitive edge.
Blog
Nacha Commends IRS for Sending 430,000 Child Tax Credit Payments by Same Day ACH
September 24, 2021
The IRS used Same Day ACH to send some 430,000 Advance Child Tax Credit (ACTC) payments.
Press Release
Same Day ACH Success Stories
September 9, 2021
To mark the fifth anniversary of Same Day ACH, Nacha has new cases studies showcasing the ways this faster payment method is being put to use.
Blog
Same Day ACH at Five: Strong Growth and a Bright Future
September 8, 2021
As Same Day ACH marks its fifth anniversary, Nacha President and CEO Jane Larimer looks at some milestones and what's ahead.
Blog
Same Day ACH Experiences Significant Growth in the Second Quarter of 2021
September 1, 2021
In the second quarter of 2021, Same Day ACH payment volume was 148.7 million, an increase of 82% over the same time in 2020. Those payments transferred $250 billion, up 115% from a year earlier.
Press Release
Nacha RMAG Survey Finds No Fraud Increase from Same Day ACH Expanded Hours
July 28, 2021
A survey by RMAG found no increase in fraud attributable to the later hours for submitting Same Day ACH payments.
Blog
Strong Growth Continues for ACH Network as Volume Climbs Nearly 10% in Second Quarter of 2021
July 27, 2021
Robust growth continued for the modern ACH Network in the second quarter of 2021. Payment volume climbed 9.9%, with particularly strong growth in business-to-business (B2B) payments.
Press Release
RMAG Survey Finds Quick Acceptance of Third Window for Same Day ACH
July 12, 2021
The third window for submitting Same Day ACH payments to the ACH Network has quickly gained acceptance among financial institutions, according to new survey results conducted by Nacha and its Risk Management Advisory Group (RMAG).
Blog
Nacha’s RMAG: Same Day ACH Shown to be Safe and Secure
June 29, 2021
Nacha’s Risk Management Advisory Group has been evaluating potential risk increases and decreases due to Same Day ACH. It has consistently found no justification to fears that Same Day ACH would introduce massive amounts of risk.
Blog
ACH Network Volume Rises 11.2% in First Quarter as Two Records are Set
April 15, 2021
The ACH Network set two records in the first quarter of 2021, and Same Day ACH marked its 1 billionth payment.
Press Release
Same Day ACH Payment Limit to Increase to $1 Million
April 5, 2021
Same Day ACH payments will be further enhanced with a new $1 million per transaction limit. Nacha members approved a measure to increase the per-payment maximum from the current $100,000 to $1 million effective March 18, 2022. It will apply to all eligible Same Day ACH payments, including credits and debits for both businesses and consumers.
Press Release
The ACH Network Marks the Successful Expansion of Same Day ACH
March 22, 2021
Nacha, The Clearing House and The Federal Reserve—collectively comprising the infrastructure of the ACH Network—announce the successful expansion of Same Day ACH.
Press Release