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.
A Corporate Call to Action: Phase 2
A host of new opportunities and potential offerings that you, as a corporate, can provide to your customers.
An ODFI Call to Action: Phase 2
New opportunities and potential offerings that you, as an Originating Depository Financial Institution (ODFI), can provide to your members, and business and consumer customers.
A Processor Call to Action: Phase 2
New opportunities and potential offerings that you, as a Processor, can provide to and support your customers with.
An RDFI Call to Action: Phase 2
New opportunities for you, as well as obligations, as a Receiving Depository Financial Institution.
Preparing for Same Day ACH Debits - Testing Tips for Financial Institutions
To ensure smooth implementation of Same Day ACH debits, conduct appropriate end-to-end testing with your business partners.
ACH Operations Bulletin – Same Day ACH and Debit Processing
This ACH Operations Bulletin provides information to Originating and Receiving Depository Financial Institutions, Originators, Third-Party Senders, and software and processing vendors on important aspects of ACH debit processing in a same-day environment. Even those not planning to use same-day processing for ACH debits should take reasonable care to prevent unintentional same-day ACH debits.
How Protection 1 Puts Customers First with the Same Day ACH Solution
For financial institutions like UMB Bank, efforts to communicate, educate and prepare its clients for the transition to Same Day ACH helped ensure businesses like Protection 1 are satisfied. Guaranteeing that processes can be implemented smoothly and that clients feel like the burdens do not outweigh the benefits make adopting a new faster payment option worth pursuing.
(Revised) Guidance for RDFIs on Meeting Phase 3 Requirement to Make Funds Available by 5:00 pm Local Time
Effective with Phase 3 of Same Day ACH (on March 16, 2018), RDFIs must make funds available from Same Day ACH credits for withdrawal (including cash withdrawal at the teller or ATM as applicable) by 5:00 p.m. at the RDFI’s local time. This time is a “no later than” deadline by which funds must be available. RDFIs always have discretion to make funds available earlier. The revised guidance also addresses the applicability of Excused Delay to the handling of late delivery of same-day files.
Complimentary webinar recording — Same Day ACH for Businesses
Treasury managers can access this 30-minute recording that focuses on Same Day ACH needs and messages for businesses. Watch here via Adobe Connect.
Taking The Y2K Fear Factor Out Of Same Day ACH
For this month’s Tracker Feature Story, PYMNTS recently caught up with Joe Casali, senior vice president of operations and IT for the New England Automated Clearing House (NEACH), on how his organization is working to help banks and other institutions prepare for the changes that come with the availability of Same Day ACH.
Healthcare Staffing Platform Leverages ACH Payments API
Updated: Same Day ACH for Businesses Essentials Guide
The "Same Day ACH for Businesses Essentials Guide" is a suite of resources that provide key guidance on Same Day ACH opportunities, benefits and value to businesses, and action plans for sending and receiving same-day payments. The "Essentials Guide" includes a PowerPoint presentation, an infographic, and three separate “essentials” documents outlining Same Day ACH implementation considerations for payables and receivables processes, including Hire-to Retire, Order-to-Cash, and Procure-to-Pay.