Same Day ACH Resource Center

123 results

Can The Insurance Industry Get Aboard The Faster Payments Train?

November 8, 2016
What’s Inside Since the first phase of the Same Day ACH rollout in late September, a task force of the U.S. Federal Reserve has been busy investigating ways to enhance faster payment systems nationwide. The Federal Reserve Faster Payments Task Force, comprised of hundreds of members from across the payment industry, has started examining nearly 20 proposals for faster payment solutions.
Article

Same Day ACH: Your Solution to Due Date Tax Payments

October 17, 2016

As of September 23, 2016, Same Day ACH can be an option for your tax payers. While federal taxes will not be eligible for same-day payments yet, state tax agencies can take advantage of this new payments solution. Financial institutions around the country will be able to receive Same Day ACH files, and many banks and credit unions will offer Same Day ACH origination services, allowing ACH credit payments to be made and settled on a single business day.

Case Study 

Same Day ACH Urgent Claims Case Study

September 23, 2016

As of Phase 1 implementation, Safety Insurance will provide Same Day ACH for customers expecting refunds or claim payments in emergency situations. Same Day not only offers better customer service, it creates an added business advantage to the company's bottom line. 

Case Study 

Case Study: Testing the Same Day ACH Opportunity

August 9, 2016

Treasury Software enables solution that allows banks to preview Same Day ACH functionality in their own infrastructures, supporting and ecouraging readiness in advance of the Sept. 23, 2016, Same Day ACH implemantion date.

Case Study 

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. 
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