Same Day ACH Resource Center

138 results

New Report: US Finds Its Faster Payments Future

December 12, 2016

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.


Same Day ACH Transaction Volume October 2016

November 15, 2016

Same Day ACH, an industry initiative to move payments faster, was responsible for 3.8 million transactions in October, totaling $4.98 billion with an average transaction amount of $1,303. This data shows strong use of Same Day ACH and is consistent with NACHA’s expectations based on anticipated use cases and industry dialogue. It also demonstrates how Same Day ACH serves as a new ubiquitous U.S. faster payment option that supports marketplace demands.


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.

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.


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.


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.