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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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
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.
Press Release
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