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April 15, 2021
Same Day ACH Volume Climbs 88%, Passes 1 Billion Milestone
The modern ACH Network saw volume soar in the first quarter of 2021, setting two new records in the process.
Quarterly volume of 7.1 billion payments was an increase of 11.2% from the same period in 2020. The value of those payments…
Same Day ACH, ACH, ACH Network
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 30, 2021
This comprehensive manual explains the requirements of the Nacha Operating Rules & Guidelines and covers topics such as authorizations, disclosures, processing, funds availability, settlement, error resolution, returns, reversals, retention, audit, all Standard Entry Class Codes and more. It…
Accreditation, Risk Management, Risk & Compliance, Nacha Operating Rules, ACH
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 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 6, 2021
The AAP Flashcards provide a hands-on study aid for those planning to take the AAP Exam. Highlighting the six areas of focus on the AAP Exam, this is a great self-study tool to help registrants prepare for the exam and earn their accreditation. Timeframes, SEC codes, participant responsibilities…
Accreditation, Training
March 1, 2021
If you are planning to take the APRP Exam, the APRP Flashcards will help you study like a pro! The six areas of focus for the APRP Exam—Fundamentals of Payments Risk Management, Payments Risk Management Controls, Payments Systems, Physical & Information Security, Regulatory Environment, and…
Accreditation, Risk Management, Training
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