Displaying 1 - 10 of over 226 results for "*"
August 5, 2022
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 March, weighing potential risks and…
ACH, Risk Management, Same Day ACH
August 2, 2022
HERNDON, Virginia, Aug. 2, 2022 – The ACH Network moved 7.5 billion payments in the second quarter of 2022, led by growth in Same Day ACH and business-to-business (B2B) payments.
This quarter was the first in which the Same Day ACH dollar limit was $1 million per payment, following the increase…
ACH, Same Day ACH
July 11, 2022
When the pandemic hit, and the campus emptied, the University of Kentucky turned to Same Day ACH to replace the checks they issued to correct payday issues. Folks are now back at the school, and Same Day ACH is there to stay. Read about how the University successfully made the switch in our latest…
ACH, Same Day ACH
June 1, 2022
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 per payment. Let’s look at the impact this…
ACH, Same Day ACH
May 12, 2022
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 2021 to Q1 of 2022. If you don’t consider…
ACH, Same Day ACH
May 12, 2022
HERNDON, Virginia, May 12, 2022 – The ACH Network experienced overall growth in the first quarter of 2022, even as recent forms of pandemic-related government assistance have ended. Growth in the first quarter was fueled by business-to-business (B2B) payments and the increase to the Same Day ACH…
ACH, Same Day ACH
May 10, 2022
NASHVILLE, Tennessee—Presidents typically stand before Congress and proclaim the state of the union to be strong. Michael Herd was looking for a different adjective to describe the ACH State of the Union and came up with the perfect fit: “historic.”
Ample proof of that was highlighted during a…
ACH, Same Day ACH
May 10, 2022
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 20 years to get to a billion payments a year…
ACH, Same Day ACH
May 3, 2022
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 Nacha Board of Directors.
“What we’ve seen…
ACH, Same Day ACH
March 18, 2022
HERNDON, Va., March 18, 2022 – Same Day ACH enters a new era today as the per payment limit increases to $1 million.
“The growth of Same Day ACH in just over five years has been phenomenal as the payments community has welcomed this faster payment method,” said Jane Larimer, Nacha…
Same Day ACH