Displaying 1 - 20 of 47

Tag: Same Day ACH

Article October 17, 2023

HERNDON, Virginia, Oct. 17, 2023 – Ongoing adoption of Same Day ACH and the continued increase in business-to-business (B2B) payments led the ACH Network to robust results in the third quarter of 2023.

Article July 25, 2023

HERNDON, Virginia, July 25, 2023 – The use of Same Day ACH payments grew significantly in the first half of 2023, powering the modern ACH Network to help meet the nation’s needs for faster payments, Nacha reported today.

Landing Page July 20, 2023

Nacha supports users having choices in electronic payments – including instant payments (such as FedNow and RTP), credit cards and wire.

Article July 20, 2023

Herndon, VA – Today, Nacha President and CEO Jane Larimer released the following statement in response to the Federal Reserve announcing its FedNow Service is now live: 

“Nacha congratulates the Federal Reserve on the launch of FedNow. It is a significant achievement.   

Article May 2, 2023

(L-R) Michael Herd, Nell Campbell-Drake, Jason Carone.

Article April 28, 2023

March 2023 marked the 5-year anniversary of the effective date of Phase 3 of the original Same Day ACH rules. Those rules provide for a review of the amount of the Same Day ACH fee as of this 5-year date.

Article April 19, 2023
Nacha announced its 2023 Pay-Me Award Honorees during the Payments Connection Ceremony at its annual Smarter Faster Payments Conference. These movie-themed awards recognize some of the innovative solution providers that help keep the payments industry fast and secure. 
Article April 17, 2023
The ACH Network began 2023 with solid growth in the first quarter, particularly in Same Day ACH where payment dollar values nearly doubled from a year earlier.
Article March 16, 2023

The one-year anniversary of Same Day ACH’s $1 million limit is March 18.

Landing Page March 9, 2023

Direct Deposits and Direct Payments are the smart and convenient way businesses, individuals, and government entities safely send and receive payments.

Article February 2, 2023
The ACH Network continued growing in the final quarter of 2022. Payment volume totaled 7.6 billion, up 2.3% from the fourth quarter of 2021. The value of those payments, $19.4 trillion, is a 3% rise.
Article November 15, 2022
Another milestone for Same Day ACH as it notches its 2 billionth payment.
Article November 14, 2022
Following the increase of the Same Day ACH dollar limit to $1 million in March 2022, Nacha and the ACH Operators - the Federal Reserve and The Clearing House - have completed the latest phase in the acceleration of ACH payments with the implementation of “Late Night ACH.”
Article August 30, 2022
Changes are coming in September with new late night ACH file deliveries to financial institutions that are Receiving Depository Financial Institution (RDFI) clients of both the Federal Reserve and The Clearing House.
Article August 18, 2022
It isn’t every day that you see an increase of 1,140%. But when you look at some recent gains by Same Day ACH used for business-to-business (B2B) payments that’s exactly what happened. 
Article 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. 
Article August 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.
Article 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.

Article May 23, 2022
Could FedNow pave the way for more ACH settlement windows? At Smarter Faster Payments 2022 there was discussion about whether FedNow's functionality could be applicable to other Fed services, including ACH.
Article May 12, 2022
Nacha President and CEO Jane Larimer takes a closer look at the first quarter 2022 ACH Network results.