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NACHA Approves Expansion Of Same Day ACH

PYMNTS

NACHA — The Electronic Payments Association — announced that its membership has approved three new rules that will expand Same-Day ACH for all financial institutions and their customers. The value of the payments was $4.5 local time, while funds from certain other ACH credits will be available by 9 a.m.

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Same Day ACH: Impacts At The Intersections

PYMNTS

23, the industry welcomed the rollout of ubiquitous faster payments to every consumer and business in the U.S. NACHA’s launch of Same Day ACH ushered in three settlement windows, enabling ACH payments to be received same day. via all banks and credit unions.

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GreenBox POS Enables Same Day ACH Deposits To Business Accounts

PYMNTS

Payment solutions company GreenBox POS has announced a new Same Day ACH program to help businesses manage point of sale (POS) to business payments faster than usual, according to a press release. Usually, an ACH payment issued before the day’s 6 p.m. million payments.

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Inside A Busy First Month For Same Day ACH Payments

PYMNTS

And pay the very same day. NACHA, the payments association behind the ACH Network, said Tuesday (Nov. million Same Day ACH transactions occurred in October, the first full month after the initial Sept. The total value of those same-day payments came to $4.9 15) that 3.8

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Breaking Down The Faster Payments Construct

PYMNTS

In just a matter of days, the payments industry will see a significant — and ubiquitous — change in the way payments are sent and received. Same Day ACH will create a new option for faster payments for all the banks and credit unions across the U.S. What’s Under The Faster Payments Umbrella?

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Nacha same-day ACH plan could force changes to Fedwire

Payments Source

Nacha's request to the Fed to extend submission times for its Same-Day ACH network was far from routine for two organizations that had worked together for decades.

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PYMNTS Daily Data Dive: Same Day ACH

PYMNTS

The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, recently provided the Same Day ACH transaction volume data for September 23 to December 30, 2016. Direct deposit made up the largest segment of Same Day ACH transaction volume — some 52 percent, or 6.8