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.
Ninety Percent of Surveyed Banks Report Same Day ACH Origination Volume is Higher Than or as Anticipated
A qualitative survey of 23 fiancial institutions comprising nearly two-thirds of Same Day ACH origination was conducted in December 2016 and January 2017.
A glimpse of Same Day ACH volume in 2016.
Community banks and credit unions remain diligent in their efforts to stay competitive in the evolving financial services industry.
“If your franchise means anything to you, you have to be relevant in payments,” said Bob Steen, CEO, Bridge Community Bank. “If you lose your payment relationship, you don’t have a franchise, because your customers can get a mortgage online, a car loan from a car dealer, and so on. If they don’t need you for payments, they don’t need you.”
Download the case study for more insights from Bridge Community Bank's experience.
Faster Payments are finally live in the U.S. with Same Day ACH, but that’s just the start. For the latest Faster Payments Tracker™, PYMNTS spoke with ACI’s Barry Kislingbury, director of solution consulting, and WA Proctor, vice president and product line manager, to compare the U.S. versus the U.K. and what each can learn from the other. Find that, along with headlines from around the space, in the latest Tracker.