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.
November 25, 2019
Same Day ACH volume - updated quarterly.
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.
October 22, 2019
October 15, 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.
September 26, 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.
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.
August 21, 2019
Who says everything slows down in the summer? Same Day ACH didn't. In fact, it set a record.
August 21, 2019
This document from Nacha provides guidance for RDFIs to determine what is "local time."
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.
May 14, 2019
Nacha applauds the Federal Reserve Board of Governors for issuing its proposal to extend its settlement services to support Same Day ACH enhancements with later settlement hours. The industry has spoken loudly in support of the expansion of Same Day ACH, and the public benefits it will provide for all businesses and consumers that use the ACH Network. Risks due to the extension of settlement hours can be mitigated with changes that Nacha believes the industry can gradually adopt over the next year and 10 months.
April 10, 2019
Enhancements are coming to Same Day ACH. This resource will help Originating Depository Financial Institutions (ODFIs) prepare. It is a two page PDF.