Remove ACH Operator Remove Instant Payments Remove Payment Networks
article thumbnail

Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

And finally, that the banks and the card networks are the big losers. 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. The Fed’s Hat and the Faster Payments Ring. 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.