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May 28, 2020
HERNDON, Va., May 28, 2020 – The ACH Network is woven into the daily payment activity of American consumers, businesses and government, says a Mercator Advisory Group white paper published today titled, “The Expanding Role of ACH in the Era of Faster Payments.” The paper also highlights how – as…
ACH, ACH Network, Faster Payments, Same Day ACH
May 22, 2020
The Payments Innovation Alliance will host a pop-up meeting on Thursday, August 13, 2020 for Alliance members. This one-day, virtual event will bring members together for networking and discussions about the pandemic and its affect on electronic payments and innovation.
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ACH, Innovation, Membership, Training
April 9, 2020
HERNDON, Va., April 9, 2020 – The ACH Network opened 2020 with a strong first quarter, as the number of payments rose 7.1% from a year earlier. The results were driven primarily through robust growth occurring prior to the slowdown of economic activity due to COVID-19.
“While ACH results for the…
ACH, ACH Network, Same Day ACH
March 20, 2020
HERNDON, Va., March 20, 2020 – A major enhancement to Same Day ACH begins today, as the dollar limit per payment quadruples to $100,000.
“This is one of the most requested changes Nacha has been asked for since Same Day ACH debuted,” said Nacha President and CEO Jane Larimer. “With the new $100,…
ACH Network, Same Day ACH
March 17, 2020
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 important part of the modern ACH Network, and it…
ACH Network, Same Day ACH
February 18, 2020
Following Nacha’s confirmation of March 19, 2021, as the effective date for the new, third Same Day ACH window, The Clearing House and the Federal Reserve Banks, as the two ACH Operators, have agreed on the following processing schedule.
The deadline for the receipt of originated Same Day ACH…
ACH, ACH Network, ACH Operations, Faster Payments, Same Day ACH
February 10, 2020
Most of us know the tremendous value of Direct Deposit (especially when payday rolls around). But sometimes it’s good to get it on the record.
That’s exactly what Nacha did recently, as President and CEO Jane Larimer submitted a Statement for the Record to the House of Representatives’ Task…
ACH, ACH Network, Direct Deposit, Same Day ACH
February 3, 2020
HERNDON, Va., Feb. 3, 2020 – The ACH Network saw a remarkable year in 2019 as the annual growth rate reached a 12-year high.
There were 24.7 billion payments on the ACH Network, an increase of 7.7% over 2018. The value of those payments was $55.8 trillion, up nearly 9% from 2018.
It was…
ACH, ACH Network, Same Day ACH
January 22, 2020
HERNDON, Va., Jan. 22, 2020 – The ACH Network closed out 2019 with a strong final quarter featuring impressive growth across several areas, particularly Same Day ACH.
Fourth quarter ACH Network volume was 6.4 billion payments. That’s an increase of 482 million, or 8.1%, from the same time in…
ACH, ACH Network, ACH Operations, Same Day ACH
January 21, 2020
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 Institutions (ODFIs) can do to prepare.
Ask not…
ACH, ACH Network, Same Day ACH