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April 5, 2021
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 eligible Same Day ACH payments, including…
Same Day ACH, ACH, ACH Network
March 22, 2021
Nacha, The Clearing House and The Federal Reserve—collectively comprising the infrastructure of the ACH Network—announce the successful expansion of Same Day ACH.
On March 19, 2021, the operating hours of Same Day ACH were extended through the establishment of a third daily opportunity to clear…
Same Day ACH, ACH, ACH Network
March 18, 2021
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 hours, until 4:45 p.m. ET. RDFIs…
Same Day ACH, ACH
March 18, 2021
Afinis Interoperability Standards membership organization, which focuses on the rapid delivery of APIs and other financial services standards across the U.S. and globally, welcomes two new member organizations: Credit Union Financial Exchange and Moov.
Current Afinis membership stands at nearly…
APIs
March 17, 2021
Editor’s note: This article is part of a series of blog posts to help you put ACH to work in your organization. The previous post was, “Unlike Algebra, Businesses Need to Know About ACH Payments.”
Remember the “Jetsons” cartoon when George Jetson took his dog Astro out for a walk on the space…
ACH, Direct Deposit, Direct Payment via ACH
March 15, 2021
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 virtually any ACH credit transaction,…
Same Day ACH
March 11, 2021
IRS Will Provide Funding for Tens of Millions by Direct Deposit Effective Wednesday, March 17
Updated March 15, 2021:
The IRS announced that the settlement date for the initial wave of tens of millions of economic impact payments by Direct Deposit will be Wednesday, March 17. This is the…
ACH, Consumers, ACH Network, Direct Deposit, Direct Payment via ACH
February 16, 2021
The third Same Day ACH processing and settlement window will take effect on Friday, March 19. As of that date, files of Same Day ACH payments may be submitted by an ODFI to its ACH Operator up to two hours later in the day. Are you ready?
Same Day ACH Resources
To prepare, Nacha wanted to…
ACH, ACH Network, Same Day ACH
February 4, 2021
2 Billion New Payments Added as Pandemic Accelerates Shift to Electronic Payments
Payment volume on the ACH Network experienced record growth in 2020 as the pandemic accelerated the nation’s shift to electronic payments.
The 26.8 billion payments made on the ACH Network in 2020 is an increase…
ACH Network, Same Day ACH
February 2, 2021
When the pandemic hit, a lot of people suddenly found themselves out of work and in need of savings to weather the storm. The trouble is that even before COVID-19, many Americans didn’t have much put away.
This highlights the importance of America Saves Week, Feb. 22-26. Once again, Nacha is…
Direct Deposit, Direct Payment via ACH