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Fed Seeks Comment On New Operating Hours For Fedwire Funds

PYMNTS

13, 2018, NACHA , the rules and standards body for the ACH network, announced that its voting members had approved amendments to the NACHA Operating Rules & Guidelines to establish a third Same Day ACH processing and settlement window,” the Federal Reserve wrote in the announcement.

FedWire 51
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Clearing Up The Case For ISO 20022

PYMNTS

Another big confusion point for ISO 20022 is its application to ACH – and now Same Day ACH. Estep makes it clear that the concept of Same Day ACH needs to be separated from ISO. She explained that the work NACHA has done with the utilization of ISO 20022 has nothing to do with the actual speed of the payments themselves.