Same Day ACH Resource Center

How Same Day ACH Works for The Forgotten Gig Economy

There's more to the gig economy than just Uber drivers. Discover how KyckGlobal is using Same Day ACH to benefit what founder Jessica Koenig calls "the forgotten gig economy."

Preparing for Same Day ACH - Guidance for ODFIs

Same Day ACH enhancements build upon the proven Same Day ACH processing and settlement capability to reach all U.S. bank and credit unions. These enhancements create added opportunities and offerings for ODFIs and their customers. Learn how they can benefit your institution.

136 results

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

Same Day ACH: Moving Payments Faster

April 9, 2016

Detailed information is provided on the Same Day ACH Rule, including rule details, technical aspects, impact and Frequently Asked Questions (FAQ). 

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NACHA has adopted a Rule to provide a new, ubiquitous capability for moving ACH payments faster. The Rule will enable the same-day processing of virtually any ACH payment. 

Guidance

Nation’s Financial Institutions

April 5, 2016

The nation’s top financial institutions will offer their clients Same Day ACH origination services by year-end, according to the results of a new survey conducted by NACHA. 

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Nation’s Financial Institutions On Target To Offer Same Day ACH Payments In 2016

POSTED APRIL 5, 2016

Infographic

Same Day ACH: FAQs

March 18, 2016

This Frequently Asked Questions (FAQ) document provides answers to common questions regarding the Same Day ACH Rule.

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What are the major provisions of Same Day ACH?

The Rule will enable the option for same-day ACH payments through new ACH Network functionality, without affecting existing ACH schedules and capabilities:  Originating financial institutions (ODFIs) would be able to submit files of same-day ACH payments through two new clearing windows provided by the ACH Operators :

Guidance

Fast Payments Tracker - March Edition

March 1, 2016
Transactis CEO and Chairman Joe Proto describes how Same Day ACH would help the underserved and unbanked. -- Who Benefits The Most From Faster Payments? As the rollout and adoption of Same Day ACH in the U.S. begins this year, the tangible changes and benefits across the payments landscape will, in turn, become increasingly apparent. Yet, there continues to be questions about who really benefits and who really wins.
Article