Who says everything slows down in the summer? Same Day ACH didn't. In fact, it set a record.

This document from Nacha provides guidance for RDFIs to determine what is "local time."

Triple digit growth in a single year shows you’re on to something. Such is the case with Same Day ACH.

Nacha applauds the Federal Reserve Board of Governors for issuing its proposal to extend its settlement services to support Same Day ACH enhancements with later settlement hours.

HERNDON, Va., Jan. 29, 2019 – ACH Network volume saw its biggest quarterly growth in more than a decade during the fourth quarter of 2018. Same Day ACH payments also passed a significant milestone.

 

The number of ACH payments totaled more than 5.6 billion in the third quarter of 2018, a 6.7 percent increase over Q3 2017, according to Nacha.