A survey by RMAG found no increase in fraud attributable to the later hours for submitting Same Day ACH payments.

Robust growth continued for the modern ACH Network in the second quarter of 2021. Payment volume climbed 9.9%, with particularly strong growth in business-to-business (B2B) payments.

The third window for submitting Same Day ACH payments to the ACH Network has quickly gained acceptance among financial institutions, according to new survey results conducted by Nacha and its Risk Management Advisory Group (RMAG).  

Nacha’s Risk Management Advisory Group has been evaluating potential risk increases and decreases due to Same Day ACH. It has consistently found no justification to fears that Same Day ACH would introduce massive amounts of risk.

The ACH Network set two records in the first quarter of 2021, and Same Day ACH marked its 1 billionth payment.

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 credits and debits for both businesses and consumers.

Nacha, The Clearing House and The Federal Reserve—collectively comprising the infrastructure of the ACH Network—announce the successful expansion of Same Day ACH.

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, Account Validation and economic impact payments.

Nacha has created a chart to help financial institutions using the ACH Network understand the deadlines for both Same Day ACH and traditional ACH. It is available for download as a PDF.

From the beginning in 2016 to the later hours in 2021, how Same Day ACH has seen a major enhancement every year.

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?

Payment volume on the ACH Network experienced record growth in 2020 as the pandemic accelerated the nation’s shift to electronic payments.

Strong growth continued on the ACH Network in the final quarter of 2020, with 7 billion payments made, an increase of nearly 9% from a year earlier.

Moving the modern ACH Network forward to provide users with the best possible experience is one of Nacha’s most important goals. That’s why the ACH Network is always evolving, and this year will be no different.

File holders, you know who you are, but for those who don’t, allow us to explain. 

Nacha is requesting comment on a proposal to increase the dollar limit for Same Day ACH payments. 

A big Same Day ACH enhancement arrives in March, but the chairman of the Nacha Board of Directors said changing to meet user needs is an ongoing process.