Same Day ACH Resource Center

118 results

ODFI Letter to Originators to Avoid Inadvertent Same Day Entries

June 22, 2016

NACHA and the RPA’s FCC Same Day ACH group have developed a template letter for ODFIs to use to communicate with any Originators that need to review and revise their usage of the Effective Entry Date field to avoid inadvertent Same Day ACH entries.

Guidance

Same Day ACH ODFI Checklist

June 15, 2016

A simplified four-step checklist that Originating Depository Financial institutions can use to make sure they are prepared for Phase 1 of Same Day ACH.

Guidance

Same Day ACH Corporate Checklist

June 15, 2016

A simple four-step checklist that corporations can implement to make sure they are prepared for Phase 1 of Same Day ACH.

Guidance

Same Day ACH Processors Checklist

June 15, 2016

A simple four-step checklist that payments processors can use to make sure they are prepared for Phase 1 of Same Day ACH.

Guidance

Implementation and Readiness Letter to ACH Software and Service Providers

June 14, 2016

In a follow up letter to CEOs of ACH software and service providers, NACHA’s President and CEO Janet Estep says that Same Day ACH goes live in 100 days.  She asks the CEOs to ensure that they are supporting the readiness of all their clients to send and receive Same Day ACH payments.

Guidance

Putting Banks on the Fast Track Toward Faster Payments

June 9, 2016
The June edition of the PYMNTS Faster Payments Tracker, powered by NACHA, covers the latest news and developments in the faster payments world. This edition features an interview with Kathleen Oldenborg, the OCC’s Director for Payment Systems Policy, who shares what a digital framework capable of securely supporting an ecosystem of real-time payments must look like from her perch. Download here. 
Article

Key Learnings from the Same Day ACH Vendor Forum

June 7, 2016
Chris Selmi, AAP, CRCM, SVP, Risk & Regulatory Compliance for WesPay attended the first Same Day ACH (SDA) vendor forum hosted by the Federal Reserve Bank of Atlanta. His key takeaways from the event include two suggestions for all ODFIs to consider as they approach the Sept. 23, 2016 implementation date of SDA credits. Read more on the WesPay website: Read More
Article

Same-Day ACH Leading Industry to New Frontier

June 2, 2016

An article from the American Payroll Association's June 2016 edition of PAYTECHmagazine that breaks down the benefits of Same Day ACH for all parties — employers, payroll processors, FIs, and employees. The article goes into detail on specific aspects such as termination pay, hourly workers, and reversals.

Read the full issue here.

Case Study 

Podcast: Big Bang or Slow Ramp?

June 2, 2016

Russ Oatman, Chairperson of NACHA, speaks about the value of Same Day Payments from the perspective of his role as President of the First National Bank of Omaha. He sees a stronger revenue opportunity in business payments, and plenty of room in the marketplace for real-time and same-day to co-exist as complementary solutions. Unlike Steve, however, Russ is in the “slow ramp” camp.

Listen Now: http://bigfintechmedia.com/Podcast/big-bang-or-slow-ramp 

Video/Podcast

Realizing the value of Same Day ACH

April 10, 2016
Scott Lang, NACHA senior vice president, association services discusses the Same Day ACH Rule and how it provides a ubiquitous same-day clearing and settlement capability for virtually all ACH payments. -- EUROPEAN PAYMENTS COUNCIL NEWSLETTER Realising the value of Same Day ACH Same Day ACH is a key part of the faster payments movement in the U.S. BY SCOTT LANG, SENIOR VICE PRESIDENT, ASSOCIATION SERVICES FOR NACHA As one of the most significant changes for the ACH Network in its 40-plus-year history, Same Day ACH is a key part of the faster payments movement in the U.S.
Article