The Federal Reserve Bank Services' Same Day ACH Resource Center includes important information about the impact of Same Day ACH on FedACH® Services.
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.
NACHA President and CEO Janet O. Estep describes NACHA’s Same Day ACH program and the current state of payments in the industry.
Learn from The Bank of Hemet how Same Day ACH brings new opportunities for innovation.
ARTICLE: An Interview with The Bank of Hemet
Same Day ACH implementation checklists for Originating Depository Financial Institution (ODFIs), Receiving Depository Financial Institution (RDFIs) and Third-Party Senders.
An ODFI could, at its discretion, require one or more of its Originator to use discretionary data within the Batch Header Record to further show intent for same-day settlement. While each ODFI could determine on its own how to accomplish this, practically speaking, a standardized approach would be more efficient for ODFIs and their Originators to use, even as it remains optional from an ODFI’s perspective. This Guidance details the standardized approach to the optional indicator.
Guidance related to effective entry date and return processing scenarios for Same Day ACH.
Watch the NACHA video that describes Same Day ACH and how the ACH Network is growing and evolving.
Five key benefits of Same Day ACH are described by business solutions provider, OneSource Virtual.