Same Day ACH: The Next Enhancement is Around the Corner
The new third window for Same Day ACH is coming in March, meaning the time to prepare is now. At a recent ACH Town Hall, representatives of Nacha and the two ACH Operators - the Federal Reserve and The Clearing House - gave an update on what you need to know.
(Podcast) Same Day ACH in 2020: Constant Growth and Continued Improvements
In a recent podcast interview with PaymentsJournal, Nacha’s Michael Herd discussed how and why Same Day ACH volumes have been growing and what use cases Nacha’s faster payment option supports. The podcast is available for download.
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Are You Ready? Third Same Day Window Opens March 19
February 16, 2021
The third Same Day ACH processing and settlement window will take effect on Friday, March 19. As of that date, files of Same Day ACH payments may be submitted by an ODFI to its ACH Operator up to two hours later in the day. Are you ready?
Same Day ACH Resources
To prepare, Nacha wanted to remind you of resources that are available:
Expanding Same Day ACH: Rule Background and FAQs
Same Day ACH Resource Center
End-User Briefing: Same Day ACH
Same Day ACH Guidance for RDFIs
Same Day ACH Guidance for ODFIs
Same Day ACH Guidance for Processors
Don't be a File Holder
Blog
Same Day ACH Guidance for RDFIs
February 16, 2021
Same Day ACH Guidance for ODFIs
February 16, 2021
Same Day ACH Guidance for Processors
February 16, 2021
ACH Network Sees Record Growth in 2020 to 26.8 Billion Payments
February 4, 2021
Payment volume on the ACH Network experienced record growth in 2020 as the pandemic accelerated the nation’s shift to electronic payments.
Press Release
ACH Network Volume Climbs 8.9% in Fourth Quarter
January 21, 2021
ACH Growth Gets Boost from Stimulus Payments and Shift from Checks
Strong growth continued on the ACH Network in the final quarter of 2020, with 7 billion payments made, an increase of nearly 9% from a year earlier. Combined with data on check payments, the results show the dramatic impact of the pandemic on the use of payments by Americans, businesses and government agencies compared to a year ago, before the pandemic had significantly impacted the U.S.
Press Release
Changes Ahead Mean a Better Experience on the Modern ACH Network
January 12, 2021
Moving the modern ACH Network forward to provide users with the best possible experience is one of Nacha’s most important goals. That’s why the ACH Network is always evolving, and this year will be no different.
“2021 is going to be a year full of some great Rules changes, things that help drive our ACH Network forward, increase our volume, and keep it the safe, reliable ACH Network that we all know and love,” said Debbie Barr, Nacha Senior Director, ACH Network Rules Process.
During the Jan.
Blog
Don’t Be a File Holder
December 14, 2020
File holders, you know who you are, but for those who don’t, allow us to explain.
Sometimes, organizations originating ACH payments use stale or other invalid dates in the “Effective Entry Date” field. Accidents happen, but some do it routinely or have never implemented the capability to use current Effective Dates.
With ACH payments like that, there’s a choice to be made.
Blog
Nacha Requests Comment on Proposed Increases to Same Day ACH Dollar Limits
December 9, 2020
Nacha is requesting comment on a proposal to increase the dollar limit for Same Day ACH payments.
Complete details, including the Rules Proposal Description, the Modifications to the Rules, the link to comment, and more can be found here.
We also invite you to watch our video:
Blog
Nacha Board Chair: ‘We Never Stop’ Enhancing Same Day ACH
November 20, 2020
A big Same Day ACH enhancement arrives in March, but the chairman of the Nacha Board of Directors said changing to meet user needs is an ongoing process.
Blog
ACH Network Volume Increases 9% in Third Quarter, as Commercial Payments Volume Rebounds
October 20, 2020
Volume on the ACH Network totaled 6.8 billion payments in the third quarter of 2020, a 9% increase from the same period in 2019.
Press Release
Same Day ACH: The Next Enhancement is Around the Corner
October 19, 2020
The new third window for Same Day ACH is coming in March, meaning the time to prepare is now.
Blog