Nacha

A new study for Nacha and the Center for Payments takes a closer look at how Same Day ACH is being used and what the payments community would like to see.

Same Day ACH might have started out like a tuxedo, but today it’s more like a pair of comfortable jeans. “We don’t need special occasions” to use Same Day ACH, Joe W. Hussey, Managing Director at J.P. Morgan and Chair of the Nacha Board of Directors, told Smarter Faster Payments 2022.

On March 18, 2022, the per payment limit for Same Day ACH payments climbs to $1 million. This Nacha guidance document will help you prepare.

Nacha President and CEO Jane Larimer looks at some of the exciting changes and events coming this year to Nacha and the ACH Network.

ACH Network volume grew 8.7% in 2021 with 29.1 billion payments. The value of those payments rose 17.4%, or $10.8 trillion.

The Same Day ACH per payment limit rises from $100,000 to $1 million on March 18, 2022. Our End-user briefing has helpful information. 

Buoyed by strong gains in the healthcare and business-to-business sectors as well as Same Day ACH payments, ACH Network payment volume grew 6.1% during the fourth quarter of 2021.

With business-to-business (B2B) showing particularly strong growth, and healthcare claim payments setting a record, the modern ACH Network recorded a 7.7% increase in payment volume during the third quarter of 2021. 

The IRS used Same Day ACH to send some 430,000 Advance Child Tax Credit (ACTC) payments.

As Same Day ACH marks its fifth anniversary, Nacha President and CEO Jane Larimer looks at some milestones and what's ahead.

In the second quarter of 2021, Same Day ACH payment volume was 148.7 million, an increase of 82% over the same time in 2020. Those payments transferred $250 billion, up 115% from a year earlier. 

A survey by RMAG found no increase in fraud attributable to the later hours for submitting Same Day ACH payments.