Breaking Down The Faster Payments Construct
PYMNTS
SEPTEMBER 21, 2016
Two new same-day settlement windows will be added to the ACH Network, which will increase the actual movement of funds between all those financial institutions from once a day (at the beginning of the day) to three times a day. To that end, Estep said, real-time payments and Same Day ACH are distinct, but complementary, in this construct.
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