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The Higher Dollar Limit for Same Day ACH is Here
The day on the calendar with the big circle around it is finally here. This Friday, March 20, 2020, the dollar amount allowable per Same Day ACH payment quadruples to $100,000. As Nacha president and CEO Jane Larimer has said, “Same Day ACH is an …
A Higher Dollar Limit for Same Day ACH Means a Huge Growth Opportunity for B2B
Editor’s Note: This is the first in a two-part series on an upcoming enhancement to Same Day ACH. On March 20, 2020, the dollar amount limit per payment increases from $25,000 to $100,000. Today we look at what Originators can do to prepare. Same Day ACH …
Larimer: The ACH Network Delivered Economic Impact Payments on Time
In a  recent interview  with PaymentsJournal, Nacha’s Jane Larimer discusses how the ACH Network delivered stimulus payments on time. As part of the CARES Act,  by the end of August, the government had  distributed  $270 billion in funds in stimulus …
Making ACH Even Easier: Why We Need to Reduce Friction
Easy is in the eye of the beholder. Assembling Ikea furniture is a piece of cake for some; others think it takes a master’s in engineering.  While we hope using the ACH Network is nowhere near as challenging, we know there can be friction for some. Nacha …
Nacha Seeks Industry Feedback on “Meaningful Modernization” Rules Proposals
Nacha is requesting industry feedback on a set of Rules proposals and other concepts collectively referred to as “Meaningful Modernization.” The deadline has now been extended to May 1, 2020. Learn more about it on our Rules page …
Nacha Requests Comment on Proposed Increases to Same Day ACH Dollar Limits
Nacha is requesting comment on a proposal to increase the dollar limit for Same Day ACH payments.  Complete details, including the Rules Proposal Description, the Modifications to the Rules, the link to comment, and more can be found here . We also invite …
New Nacha Rule on Enforcing Egregious Violations Takes Effect Jan. 1, 2021
New Year’s Day 2021 brings with it a change to the Nacha Operating Rules. If you haven’t already, the time to familiarize yourself is now.  The new Rule defines an “egregious violation” as a willful or reckless action by a Financial Institution, …
Now’s the Time to Convert Giving Tuesday Donors to Monthly ACH Donors
Did you finally clear out your inbox from Giving Tuesday? Congratulations. And if you helped a cause or two that’s near and dear to your heart, good on you!  But now’s a great time to take the next step and help those charitable organizations make the …
ODFIs Should Talk to Customers Now About the Higher Same Day ACH Dollar Limit
Editor’s Note: This is the second in a two-part series on an upcoming enhancement to Same Day ACH. On March 20, 2020, the dollar amount limit per payment increases from $25,000 to $100,000. Today we look at what Originating Depository Financial …