Celebrating Five Years of Same Day ACH
New innovations often come and go. Electric typewriters and adding machines had their day. But some take hold and grow roots. Same Day ACH is a perfect example.
When Same Day ACH got its start in 2016 it was for credits only. In the first six processing days that September there were 1.3 million payments worth a total of about $1.5 billion. Not a bad start by any means, but once those roots started growing nice and deep, things certainly took off.
Additional Resources
Expanding Same Day ACH: How We Got Here
It was Sept. 23, 2016. The Dow Jones Industrial Average was at 18,261 and Same Day ACH made its debut. Fast forward to March 2021 and much has changed.
155 results
Same Day ACH: The Next Enhancement is Around the Corner
October 19, 2020
The new third window for Same Day ACH is coming in March, meaning the time to prepare is now.
Blog
(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.
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
ACH Network Supports Americans and the Economy During Time of Need; Payment Volume Rose 7.9% in Second Quarter
July 15, 2020
The ACH Network reported payment volume growth of 7.9% in the second quarter of 2020, compared to the same period a year ago, reflecting the use of the Network to deliver economic assistance to individuals and businesses, as well as an acceleration in the shift from paying by paper check to paying electronically.
Press Release
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