NACHA estimates Same Day ACH payments will be generated from 10 primary use cases and 63 sub-use cases, including same-day payrolls, expedited bill payments, business-to-business (B2B) payments, and account-to-account (A2A) transfers.
Shareable letter by NACHA President and CEO Janet O. Estep to providers of ACH and demand deposit account processing services outlining the potential impact of Same Day ACH on processors to help ensure Same Day ACH readiness.
A fact sheet that includes a Rule overview, description of the opportunity that Same Day ACH brings, and use cases and potential volume.
Sam Tuohey, executive vice president and chief operating officer of KeyPoint Credit Union says Same Day ACH marks the largest improvement in financial services infrastructure in decades - since the advent of online banking and debit/point of sale.
One of the biggest changes in the last 45 years in U.S. payments systems happened recently, and it went unnoticed by major media.
The Federal Reserve Bank Services' Same Day ACH Resource Center includes important information about the impact of Same Day ACH on FedACH® Services.
On Sept. 23, 2015, the Federal Reserve Board announced its approval (Off-site Link) of changes to FedACH Services in support of NACHA’s Same Day ACH Rule that was passed in May 2015.
NACHA President and CEO Janet O. Estep describes NACHA’s Same Day ACH program and the current state of payments in the industry.
Learn from The Bank of Hemet how Same Day ACH brings new opportunities for innovation.
ARTICLE: An Interview with The Bank of Hemet
Same Day ACH implementation checklists for Originating Depository Financial Institution (ODFIs), Receiving Depository Financial Institution (RDFIs) and Third-Party Senders.
An ODFI could, at its discretion, require one or more of its Originator to use discretionary data within the Batch Header Record to further show intent for same-day settlement. While each ODFI could determine on its own how to accomplish this, practically speaking, a standardized approach would be more efficient for ODFIs and their Originators to use, even as it remains optional from an ODFI’s perspective. This Guidance details the standardized approach to the optional indicator.
Guidance related to effective entry date and return processing scenarios for Same Day ACH.