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Between inflation, market swings, crypto issues and more, the U.S. has weathered an uncertain economic situation in 2022. One bright spot: the modern ACH Network, which has continued growing despite some of the setbacks the economy has seen. Look at the …
Increasing the Same Day ACH dollar limit to $1 million per payment posed no greater fraud risk than the prior $100,000 threshold, a new survey by Nacha’s Risk Management Advisory Group (RMAG) found. RMAG reviewed the proposal before it took effect in …
ACH end users have consistently and constantly asked for higher dollar limits for Same Day ACH payments. In March 2020, the original limit of $25,000 was raised to $100,000. Then, two years later in March 2022, the limit was increased again to $1 million …
The ACH Network continues to thrive. Some may look at the ACH Network’s first quarter results this year, jump to conclusions and miss the complex and nuanced story. That story deserves a closer look. Payment volume on the ACH Network rose 2.2% from Q1 of …
NASHVILLE, Tennessee —Same Day ACH only turned five last September, and as Michael Herd, Nacha Senior Vice President, ACH Network Administration, noted, that means “it’s still early.” After all, he said, from the time the ACH Network began “it took about …
NASHVILLE, Tennessee —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, said Joe W. Hussey, Managing Director at J.P. Morgan and Chair of the …
It was Sept. 23, 2016. The Dow Jones Industrial Average was at 18,261; a remake of “The Magnificent Seven” with Denzel Washington opened in movie theaters; and Same Day ACH made its debut. “Phase 1 of Same Day ACH allows for the sending and receiving of …
It’s anything but a quiet Friday at Nacha. There are some big changes taking effect today (March 19) at the ACH Network: Same Day ACH The latest enhancement to Same Day ACH begins. A third window for submitting same day payments gives ODFIs an extra two …
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 …