How Same Day ACH Works for The Forgotten Gig Economy
There's more to the gig economy than just Uber drivers. Discover how KyckGlobal is using Same Day ACH to benefit what founder Jessica Koenig calls "the forgotten gig economy."
Preparing for Same Day ACH - Guidance for ODFIs
Same Day ACH enhancements build upon the proven Same Day ACH processing and settlement capability to reach all U.S. bank and credit unions. These enhancements create added opportunities and offerings for ODFIs and their customers. Learn how they can benefit your institution.
141 results
(Podcast) Same Day ACH in 2020: Constant Growth & Continued Improvements
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.
Blog
Same Day ACH: New Dollar Limit Not a Fraud Vector
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.
Blog
Same Day ACH Guidance $100,000 Limit - July 9, 2020
July 13, 2020
Nacha has issued guidance regarding the $100,000 per transaction limit on Same Day ACH transactions.
Guidance
The American Economy Runs on ACH, Says Mercator Advisory Group White Paper
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.
Press Release
Nacha Reports ACH Network Growth of 7.1% in First Quarter 2020; Expects Slowdown Due to COVID-19
April 8, 2020
Nacha has released ACH Network results for the first quarter of 2020.
Press Release
Same Day ACH Dollar Limit Increases Today to $100,000
March 20, 2020
Starting today the Same Day ACH per payment dollar limit jumps from $25,000 to $100,000.
Press Release
The Higher Dollar Limit for Same Day ACH is Here
March 17, 2020
The wait is almost over. This Friday, the latest enhancement to Same Day ACH takes effect.
Blog
ACH Operators Announce Third Same Day ACH Processing Schedule
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.
Announcement
For the Record: Why Direct Deposit Benefits American Workers
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.
Blog
ACH Network Annual Growth Rate Reaches 12-Year High
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.
Press Release
ACH Network Volume Grows 8.1% in Final Quarter of 2019
January 21, 2020
The ACH Network closed out 2019 with a strong final quarter featuring impressive growth across several areas, particularly Same Day ACH.
Press Release
ODFIs Should Talk to Customers Now About the Higher Same Day ACH Dollar Limit
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.
Blog