article thumbnail

Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

Last week, NACHA issued an ACH operations bulletin announcing the delay of the rollout of a third Same Day ACH (SDA) processing window by six months, to March 19, 2021. In other words, a lot of consumers and SMBs with the potential to receive instant access to funds in their bank accounts. A Couple of Important Dots.

article thumbnail

ACH SEC Codes

Payment Savvy

You have to remember that ACH payments are not an instant payment method. The second disadvantage of ACH payments that should be mentioned is the fact that while bank accounts don’t expire, ACH credits and debits can still be rejected for a number of reasons, including not having enough funds in the bank account.