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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 8, 2021
Like many companies, Subject Matter recently reached its one-year milestone of working remotely. What the company quickly discovered is that when its entire staff works from home, a lot of basic functions had to change – including sending and receiving payments to and from clients and vendors.…
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
Nacha today released its Top 50 rankings of financial institution originators and receivers of ACH payments for 2020.
The Top 50 originating financial institutions handled ACH volume of almost 23.1 billion payments last year, an increase of nearly 8.6% over 2019. They accounted for 92.7% of…
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 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
March 10, 2021
Supplementing Fraud Detection Standards for WEB Debits
As the ACH Network grows, part of that growth can be attributed to an increase in consumer payments made via the internet and mobile devices. With that growth comes a need to ensure account information is accurate before ACH…
ACH, ACH Network