Same Day ACH Resource Center

118 results

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 

Federal Reserve Same Day ACH Resource Center

September 23, 2015

The Federal Reserve Bank Services' Same Day ACH Resource Center includes important information about the impact of Same Day ACH on FedACH® Services.

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On Sept. 23, 2015, the Federal Reserve Board announced its approval (Off-site Link) of changes to FedACH Services in support of NACHA’s Same Day ACH Rule that was passed in May 2015.

Guidance

It's Time for the Industry to Embrace Phased-In, Same Day ACH

August 17, 2015
Pat Thelen, executive vice president of Treasury Management, Capital Markets and International Banking at UMB Bank, calls for the industry to embrace phased-in, Same-Day ACH. -- Banking is the sector at the highest risk of game-changing market shifts. According to the Millennial Disruption Index, millennials believe payments innovation will come from outside their bank, with nearly half showing more confidence in what startups and technology companies add to payments than what their banks do.
Article

Checklists for Implementation

July 1, 2015

Same Day ACH implementation checklists for Originating Depository Financial Institution (ODFIs), Receiving Depository Financial Institution (RDFIs) and Third-Party Senders.

Guidance