Same Day ACH: The Next Enhancement is Around the Corner
The new third window for Same Day ACH is coming in March, meaning the time to prepare is now. At a recent ACH Town Hall, representatives of Nacha and the two ACH Operators - the Federal Reserve and The Clearing House - gave an update on what you need to know.
(Podcast) Same Day ACH in 2020: Constant Growth and Continued Improvements
In a recent podcast interview with PaymentsJournal, Nacha’s Michael Herd discussed how and why Same Day ACH volumes have been growing and what use cases Nacha’s faster payment option supports. The podcast is available for download.
Same Day ACH Urgent Claims Case Study
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.
Helping Bring Equal Access To Faster Payments
Case Study: Testing the Same Day ACH Opportunity
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.
Guidance for Employers and Payroll Professionals on Same Day ACH Direct Deposit
One of the primary use cases for Same Day ACH is for Direct Deposit of payroll. This document provides guidance for employers and payroll professionals on how to effectively use Same Day ACH for faster payroll payments.
ODFI Letter to Originators to Avoid Inadvertent Same Day Entries
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
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
A simple four-step checklist that corporations can implement to make sure they are prepared for Phase 1 of Same Day ACH.
Same Day ACH Processors Checklist
A simple four-step checklist that payments processors can use to make sure they are prepared for Phase 1 of Same Day ACH.
Implementation and Readiness Letter to ACH Software and Service Providers
In a follow up letter to CEOs of ACH software and service providers, NACHA’s President and CEO Janet Estep says that Same Day ACH goes live in 100 days. She asks the CEOs to ensure that they are supporting the readiness of all their clients to send and receive Same Day ACH payments.
Putting Banks on the Fast Track Toward Faster Payments
Key Learnings from the Same Day ACH Vendor Forum
Same-Day ACH Leading Industry to New Frontier
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.