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Nearly five years ago, shortly after Nacha launched Same Day ACH, its Risk Management Advisory Group (RMAG) conducted a survey. It posed many questions to both Originating Depository Financial Institutions (ODFIs) and Receiving Depository Financial …
Nacha Marks Fifth Anniversary Since Inception of Same Day ACH With Same Day ACH about to mark its fifth anniversary, new figures from Nacha show astounding growth for this faster payment method. In the second quarter of 2021, Same Day ACH payment volume …
New innovations often come and go. Electric typewriters and adding machines had their day. But some take hold and grow roots. Same Day ACH is a perfect example. When Same Day ACH got its start in 2016 it was for credits only. In the first six processing …
Happy Remote Connect Day! Today marks 75 days until Nacha’s Smarter Faster Payments Remote Connect gets underway. The fact that Remote Connect offers the best in payments education is reason itself to celebrate, but Nacha is going one better. Anyone who …
Even before the first phase of Same Day ACH was implemented nearly five years ago in September 2016, Nacha’s Risk Management Advisory Group (RMAG) had been evaluating potential risk increases and decreases due to Same Day ACH. Were the doom and gloom …
Ground floor opportunities don’t come around often, but this is one that payments professionals should seriously consider. The Faster Payments Professional certificate, or FPP, is a unique new program being crafted to meet today’s needs, and we’d like …
July is traditionally when Nacha holds the Payments Institute. Last July was very different. This July will only be slightly different. Nacha is delighted to be hosting TPI On Campus, July 25-28 at the Westin Alexandria Old Town in Alexandria, Virginia, …
Same Day ACH payments will be further enhanced with a new $1 million per transaction limit. Nacha members approved a measure to increase the per-payment maximum from the current $100,000 to $1 million effective March 18, 2022. It will apply to all …
It’s been too long. Unfortunately, it’s going to be a little while longer. Hard to believe it’s now two years since we last got together for Smarter Faster Payments, and there’s no denying our disappointment at having to cancel this year’s event in San …