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.
NACHA Reports Strong ACH Volume Growth in Q3 2018
HERNDON, Va., Nov. 1, 2018 – The number of ACH payments totaled more than 5.6 billion in the third quarter of 2018, a 6.7 percent increase over Q3 2017, according to NACHA. The ACH Network’s strong performance is driven in large part by online and business-to-business (B2B) payments.
The Far-Reaching Impact of Same Day ACH, One Year After Launch
Same Day ACH Will Be Enhanced to Meet ACH End-User Needs
Same Day ACH Webinar Presentations
NACHA is pleased to offer access to the following presentation decks from Same Day ACH webinars hosted throughout 2017.
- Same Day ACH Credits Post Implementation: ODFI & RDFI Business Cases
- Same Day Debits: Are You at Risk of Being Noncompliant?
- Same Day ACH Debits: Prepare Now for Operational Impact
- How Same Day ACH Impacts ARC, BOC, POP, TEL & WEB Debit Entries
- Ready, Set, Debit: Same Day Debits are (Almost) Here
Infographic: 2017 Same Day ACH Volume
Nacha Reports 10 Million Same Day ACH Payments Made in October, Totaling More Than $9 Billion
RDFI Preparedness for Same Day ACH
NACHA provides results of recently conducted survey of 44 of the top RDFIs on their readiness to receive Same Day ACH credits by September and their plans for funds availability.
And then there were two — Same Day ACH phases that have gone live, that is
Same Day ACH: When Money Moves Faster, Businesses and Customers Benefit
A Year After Same-Day Credits, the ACH Gets Set to Launch Same-Day Debits Friday
For NACHA’s Same Day ACH, The Debit Debut
“Check and Correct” Effective Entry Dates for Same Day ACH Debits in Phase 2
On September 15, 2017, when debits become eligible for same-day processing, a “today’s date” in the Effective Entry Date field will be treated as valid for a debit entry and settled on that day, assuming it is submitted timely into an ACH Operator’s same-day processing window. This Guidance strongly encourages ODFIs, their Originators, and software and processing vendors to “check and correct” Effective Entry Dates for ACH debit processing, even among those who do not intend to use same-day processing – i.e., do not be an inadvertent Originator of same-day ACH debits.