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.
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ACH Operations Bulletin #1-2020: Effective Date of New Same Day ACH Window is Confirmed
January 9, 2020
The March 19, 2021 effective date for the new Same Day ACH processing window is confirmed.
Operations Bulletin
A Higher Dollar Limit for Same Day ACH Means a Huge Growth Opportunity for B2B
January 8, 2020
With a higher dollar limit coming to Same Day ACH, there's a lot for Originators to consider, including an anticipated jump in using Same Day for B2B.
Blog
Nacha Confirms Effective Date of Same Day ACH Expansion
December 23, 2019
As the steward of the ACH Network, Nacha applauds the Federal Reserve Board of Governors’ approval today of the extension of the National Settlement Service operating hours, which is necessary for the expansion of Same Day ACH. With the issuance of the notice today by the Board of Governors, Nacha confirms that the effective date of the expansion of Same Day ACH is March 19, 2021.
Same Day ACH is a faster payment option that reaches all U.S. banks and credit unions.
Article
Same Day ACH Transaction Volume
November 25, 2019
Same Day ACH volume - updated quarterly.
Thriving and Then Some: A Big Quarter for the ACH Network
October 30, 2019
The modern ACH Network had a most impressive third quarter. Nacha President and CEO Jane Larimer takes a closer look at how the ACH Network is thriving.
Blog
Payments Myth Busting Hill Handout
October 22, 2019
Guidance
ACH Network Volume Jumps 9.5% in Third Quarter
October 14, 2019
ACH Network payment volume and Same Day ACH payment volume both soared in the third quarter of 2019. The 6.2 billion ACH payments in the third quarter is an increase of 9.5% from a year earlier. There were 3.6 billion debit transactions and 2.6 billion credits. Those payments were valued at $14.1 trillion, which is nearly 11% more than the third quarter of 2018.
Press Release
August Same Day ACH Numbers Heat Up
September 25, 2019
Same Day ACH had an impressive August, showing large gains over a year earlier. And the number of Same Day PPD payments more than doubled.
Blog
Getting Your Money Via ACH: Faster is Better
September 20, 2019
As a general rule, faster is better. After all, who doesn’t like less traffic, or a plane that lands early? By the same token, who wouldn’t want to get their money quicker? That’s why there’s a lot to like about the new rule making ACH credits available in bank accounts sooner.
Blog
Same Day ACH Sets a Record in July, Exceeds 1 Million Payments a Day
August 21, 2019
Who says everything slows down in the summer? Same Day ACH didn't. In fact, it set a record.
Blog
Same Day ACH: Faster Funds Availability - Guidance for RDFIs on Determining Local Time
August 21, 2019
This document from Nacha provides guidance for RDFIs to determine what is "local time."
Guidance
Extended Hours for Same Day ACH: The Time Has Come
July 5, 2019
Triple digit growth in a single year shows you’re on to something. Such is the case with Same Day ACH.
Since its 2016 debut, businesses small and large, financial institutions from Main Street to Wall Street, and consumers have embraced the benefits of Same Day ACH. Volume jumped 137% from 2017 to 2018, with nearly 178 million transactions last year.
But it’s still a work in progress. In fact, we have an enhancement coming in September, making funds available sooner in the day for many ACH credits.
Blog