Displaying 1 - 20 of 44

Tag: Same Day ACH

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.
Article May 12, 2022
The ACH Network experienced overall growth in the first quarter of 2022, even as recent forms of pandemic-related government assistance have ended.
Article May 10, 2022
Presidents typically stand before Congress and proclaim the state of the union to be strong. Michael Herd was looking for a different adjective to describe the ACH State of the Union and came up with the perfect fit: “historic.”
Article May 10, 2022
A new study for Nacha and the Center for Payments takes a closer look at how Same Day ACH is being used and what the payments community would like to see.
Article May 3, 2022
Same Day ACH might have started out like a tuxedo, but today it’s more like a pair of comfortable jeans. “We don’t need special occasions” to use Same Day ACH, Joe W. Hussey, Managing Director at J.P. Morgan and Chair of the Nacha Board of Directors, told Smarter Faster Payments 2022.