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.
NACHA President and CEO Janet O. Estep joins Carol Homberger, group president at ACI Worldwide, to discuss faster payments and Same Day ACH at the Women in Payments Conference.