Same Day ACH Resource Center

123 results

Fast Payments Tracker - February Edition

February 1, 2016
PYMNTS.com February 2016 issue of Faster Payments Tracker with a featured article on how the ACH Network has continuously evolved and its next change will be to move its payments and information to same-day clearing and settlement cycles. -- DOES THE FUTURE OF FASTER BANK PAYMENTS REQUIRE SEXY SOLUTIONS? In the push toward the successful implementation of same-day transactions and realtime payments, splashy technology may not be the right fit for our financial institutions.
Article

Same Day ACH Guidance: RDFIs - 5:00 pm Local Time

January 6, 2016
This guidance provides information on Same Day ACH funds availability requirements and also addresses the applicability of Excused Delay to the handling of late delivery of same-day files.
Guidance

Guidance: $25,000 Per-Transaction Limit

January 5, 2016

The limit on large-dollar transactions (those ACH Entries over $25,000) applies to individual transactions; i.e., a single Same-Day ACH transaction could not be for more than $25,000. There is no similar limit on the aggregate value of a batch of Same-Day ACH transactions. Entries submitted in a same-day processing window that are over $25,000 will not be rejected by the ACH Operator, but will be processed for next-day settlement in the next available processing window.

Guidance

Guidance: RDFIs - End of Processing Day

January 5, 2016

During Phases 1 and 2 of Same-Day ACH (September 23, 2016 through March 15, 2018), an RDFI is required to make funds available from a Same-Day ACH credit in its customer’s account no later than the end of processing of transactions for that settlement date. While funds do not need to be available for cash withdrawal at that time (e.g., via an ATM), they must be available to satisfy other subsequent debit entries against the account (e.g., to pay ACH debits and checks). This Guidance provides examples for meeting this requirement.

Guidance

Fast Payments Tracker - January Edition

January 1, 2016
PYMNTS.com January 2016 issue of Faster Payments Tracker with a featured article on Same Day ACH and how it will guarantee ubiquity of access and functionality across all financial institutions. -- COVER STORY As 2015 came to a close and 2016 begins anew, one thing was clear: the topic of faster payments was not the same old, same old of prior years. Why do we care about faster payments? In a world full of cards, moving more and more to digital payments, isn’t swiping or tapping or dipping or “pressing” fast enough? Well, sometimes no.
Article

Bringing New Solutions to One Person at a Time

December 14, 2015

Stacy Nascimento, AAP, vice president and product manager, treasury and payment solutions, at Webster Bank describes how Same Day ACH can enable peer-to-peer (P2P) payments. 

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Commentary: Same Day ACH - Bringing New Solutions to One Person at a Time

Case Study 

Ubiquitous Same-Day Clearing & Settlement for ACH Payments

November 11, 2015

NACHA estimates Same Day ACH payments will be generated from 10 primary use cases and 63 sub-use cases, including same-day payrolls, expedited bill payments, business-to-business (B2B) payments, and account-to-account (A2A) transfers.

Guidance

Implementation and Readiness Vendor Letter

November 9, 2015

Shareable letter by NACHA President and CEO Janet O. Estep to providers of ACH and demand deposit account processing services outlining the potential impact of Same Day ACH on processors to help ensure Same Day ACH readiness.

Guidance

Opportunity is Knocking, Will You Answer?

September 24, 2015

Sam Tuohey, executive vice president and chief operating officer of KeyPoint Credit Union says Same Day ACH marks the largest improvement in financial services infrastructure in decades - since the advent of online banking and debit/point of sale. 

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One of the biggest changes in the last 45 years in U.S. payments systems happened recently, and it went unnoticed by major media.

Case Study