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Faster Payments: Does The Fed Have A Hidden Agenda?

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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 regulator notified NACHA that they need more time to evaluate required changes to their system before giving it the green light. A Couple of Important Dots.

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Breaking Down The Faster Payments Construct

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Through NACHA’s Countdown to Same Day ACH podcast series, we’ve explored what Same Day ACH is all about, the myriad of use cases and applications it’s designed to deliver and if corporations and businesses are truly ready for the change. What’s Under The Faster Payments Umbrella?

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The Roil Over B2B Payments Rails

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The network is valuable because it connects all the end points to which those payments must be made and complies with the regulations that assure the secure movement of those funds. NACHA is examining additional windows for weekends and has increased the limits for how much money can be sent over those same-day ACH rails.

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The Big Tech Canary In The Faster Payments Coal Mine

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NACHA was able to get all 13,000 banks in the U.S. NACHA reports that a growing percentage of healthcare claims are now using SDA rails instead of checks – one giant leap toward putting checks out of business. Oddly, the push for faster payments also comes at the same time when payments in the U.S. it has been since the fall of 2017.

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How Uncertainty Kills Commerce

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Consumers spend time waiting for a customer service agent to answer their questions, to be seen by their doctors and in security lines at the airport. Businesses wait to be paid by their buyers — not knowing when the money will actually be received, if it is good funds and sometimes how much they’ll get. consumers spent waiting.