September 17, 2020
With paper check use declining and electronic payment methods on the rise, the ACH Network has grown tremendously in recent years. A recent PaymentsJournal podcast unpacked how this growth continued into 2020, even as the pandemic disrupted regular economic activity. In fact, the pandemic underscored just how reliable and valuable the ACH Network is to commercial and economic activity. Part of the ACH Network’s continued success is tied to Same Day ACH, Nacha’s faster payment offering.
August 31, 2020
Business Email Compromise is a major concern today, but it appears that the recent enhancement to Same Day ACH has not resulted in any increase in criminal activity, an informal Nacha survey found.
July 13, 2020
Nacha has issued guidance regarding the $100,000 per transaction limit on Same Day ACH transactions.
May 28, 2020
A new white paper authored by Mercator Advisory Group highlights how – as payments become faster – ACH supports the future of the industry with Same Day ACH, while providing the money-movement infrastructure for many other payment products.
April 8, 2020
Nacha has released ACH Network results for the first quarter of 2020.
March 20, 2020
Starting today the Same Day ACH per payment dollar limit jumps from $25,000 to $100,000.
March 17, 2020
The wait is almost over. This Friday, the latest enhancement to Same Day ACH takes effect.
February 18, 2020
Following Nacha’s confirmation of March 19, 2021, as the effective date for the new, third Same Day ACH window, The Clearing House and the Federal Reserve Banks, as the two ACH Operators, have agreed on the following processing schedule. The deadline for the receipt of originated Same Day ACH payments from originating depository financial institutions (ODFIs) will be 4:45 p.m. Eastern Time; the target distribution time for the output to receiving depository financial institutions (RDFIs) will be 5:30 p.m. ET; and settlement will occur at 6:00 p.m. ET.
February 10, 2020
Most of us know the tremendous value of Direct Deposit (especially when payday rolls around). But sometimes it’s good to get it on the record, which is exactly what Nacha did recently.
February 3, 2020
The ACH Network had an impressive 2019, with 24.7 billion payments valued at $55.8 trillion. The annual growth rate reached a 12-year high.
January 21, 2020
The ACH Network closed out 2019 with a strong final quarter featuring impressive growth across several areas, particularly Same Day ACH.
January 21, 2020
The Same Day ACH higher dollar limit is coming in March. But now is the time for ODFI's to be talking to their customers.