Same-day ACH payments soar
Payments Dive
APRIL 20, 2023
The dollar value of same-day ACH payments nearly doubled in the first quarter as the volume increased 20.7%, Nacha said this week in a quarterly update.
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Payments Dive
APRIL 20, 2023
The dollar value of same-day ACH payments nearly doubled in the first quarter as the volume increased 20.7%, Nacha said this week in a quarterly update.
NACHA
JULY 17, 2024
HERNDON, Virginia, July 18, 2024 – Same Day ACH reached new heights of payment volume and value as the modern ACH Network posted significant volume and value increases in the second quarter of 2024, Nacha reported. billion ACH payments in the second quarter, an increase of 6.3% There were 8.3
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NACHA
FEBRUARY 13, 2024
ACH Network Records Strong Growth in 2023 as Same Day ACH Surpasses 3 Billion Payments Since Inception mkahn@nacha.org Wed, 02/14/2024 - 01:01 Image Media ACH Network Logo with background
Payments Source
SEPTEMBER 20, 2016
The tighter processing deadlines of same-day ACH mean that conventional fraud prevention measures will no longer be adequate or effective.
PYMNTS
SEPTEMBER 17, 2018
NACHA — The Electronic Payments Association — announced that its membership has approved three new rules that will expand Same-Day ACH for all financial institutions and their customers. The value of the payments was $4.5 local time, while funds from certain other ACH credits will be available by 9 a.m.
NACHA
OCTOBER 16, 2024
17, 2024 – Same Day ACH volume soared 67.5% in the third quarter of 2024, and total ACH Network payment volume rose 7.4% million Same Day ACH payments in the third quarter; the value of those payments rose 38.8% RESTON, Virginia, Oct. There were 355.2 to $844 billion.
Payments Source
SEPTEMBER 20, 2018
financial institutions have made same-day ACH funds available without seeing any major shifts in fraud. But observers warn that as same-day ACH introduces broader access and bigger transactions, it will become a bigger temptation for fraudsters. More than half of U.S.
PYMNTS
OCTOBER 10, 2016
23, the industry welcomed the rollout of ubiquitous faster payments to every consumer and business in the U.S. NACHA’s launch of Same Day ACH ushered in three settlement windows, enabling ACH payments to be received same day. via all banks and credit unions. The Road To Process Improvement.
PYMNTS
SEPTEMBER 21, 2016
Same Day ACH is ready for its debut at the end of the week, and for some, its launch signals the next step for the payments industry to become faster and more digital. In B2B payments, those characteristics could have a significant impact on supplier payments and other B2B payment habits.
PYMNTS
MARCH 13, 2019
NACHA, national administrator of the ACH network, said a third processing window for same-day transactions will be postponed for six months until the Federal Reserve Board of Governors (Fed Board) approves the initiative. ET (1:45 p.m. PT), providing greater access for all ODFIs and their customers.”. 18, 2020. “As
PYMNTS
MAY 3, 2020
Payment solutions company GreenBox POS has announced a new Same Day ACH program to help businesses manage point of sale (POS) to business payments faster than usual, according to a press release. Usually, an ACH payment issued before the day’s 6 p.m. million payments.
PYMNTS
NOVEMBER 16, 2016
And pay the very same day. NACHA, the payments association behind the ACH Network, said Tuesday (Nov. million Same Day ACH transactions occurred in October, the first full month after the initial Sept. The total value of those same-day payments came to $4.9 15) that 3.8
PYMNTS
NOVEMBER 15, 2016
The Electronic Payments Association, NACHA, has released volume data tied to the first calendar month of same-day ACH transactions. For the month, Same Day ACH was responsible for 3.8 billion in payments volume. For the month, Same Day ACH was responsible for 3.8
PYMNTS
JANUARY 26, 2017
The Electronic Payments Association (NACHA), steward and rule maker of the ACH Network, recently provided the Same Day ACH transaction volume data for September 23 to December 30, 2016. Direct deposit made up the largest segment of Same Day ACH transaction volume — some 52 percent, or 6.8
Payments Source
OCTOBER 17, 2019
Eliminating checks from corporate payments will take many more years, but Nacha’s latest data suggests the B2B category is playing a key role in Same Day ACH's growth.
Payments Source
SEPTEMBER 23, 2016
Starting today, banks and credit unions will get two extra chances every 24 hours to handle Automated Clearing House (ACH) credit payments. But by itself, same-day speed may not be enough to meet the demands of an increasingly digital world.
Payments Source
MARCH 13, 2019
After more than two years of successful operation in delivering Same-Day ACH payments, Nacha's request to add a third processing window has been denied by the Federal Reserve, which says it has to obtain public comment on the concept.
PYMNTS
SEPTEMBER 15, 2017
In a recent interview with PYMNTS’ Karen Webster, Jane Larimer, chief operating officer at NACHA, said the financial services industry has done much preparation in terms of enhancing systems and processing, in tandem with significant testing, after a smooth Phase 1 of Same Day ACH debuted last September. 2016 and July 2017.
PYMNTS
MARCH 23, 2017
Receivable Savvy, an accounts receivable and order-to-cash management firm, wants suppliers to see Same Day ACH as an opportunity to bolster cash flow. The company, which provides education and resources for suppliers, recently released a new eBook to guide vendors on how to take advantage of Same Day ACH technology.
Payments Source
MARCH 15, 2019
Nacha's request to the Fed to extend submission times for its Same-Day ACH network was far from routine for two organizations that had worked together for decades.
Finextra
FEBRUARY 15, 2024
Led by strong growth in Same Day ACH and business-to-business (B2B) payments, the ACH Network securely handled 31.5 billion payments valued at $80.1 trillion in 2023.
Payments Source
OCTOBER 18, 2017
15 launch of same-day ACH debit payments, providing a snapshot of what Nacha expects will be a growing channel. The first round of data is in following the Sept.
Trade Credit & Liquidity Management
JUNE 12, 2025
From a Press Release dated June 9, 2025, Fort Lee, NJ Cross River Bank has launched its Request for Payment (RfP) solution, a new feature designed to enable secure, real-time inbound payments via the RTP® (Real-Time Payments) network.
Payments Source
MARCH 16, 2018
Nacha has completed the third and final phase of the faster payments launch, requiring banks and credit unions to make Same-Day ACH funds available to depositors by 5 p.m. in local time.
Payments Dive
APRIL 8, 2016
In a NACHA survey, 95 percent of respondents indicated that they will offer their clients same-day ACH origination services by year-end.
Payments Source
OCTOBER 20, 2016
The fact that the number of cybersecurity incidents affecting companies is rising at an alarming rate year over year hardly raises eyebrows anymore.
Payments Dive
OCTOBER 20, 2023
Businesses are increasingly turning to same-day ACH payments this year, according to Nacha, a national clearinghouse that manages electronic money movement.
PYMNTS
AUGUST 31, 2017
September will be a big month for NACHA’s Same-Day ACH initiative. 15, NACHA will roll out phase two of its Same-Day ACH Rule, and small businesses stand to gain significantly from the effort, according to reports at Nav.com. It incorporates more payment scenarios into the Same-Day ACH initiative.
Finovate
NOVEMBER 14, 2024
Payfinia has launched a new Credit Union Service Organization (CUSO) to help credit unions modernize their payments experience. Payfinia’s IPX platform will play a key role in the CUSO, helping organizations leverage FedNow to offer instant payments while providing fraud prevention. million in the organization.
PYMNTS
SEPTEMBER 7, 2017
Hollywood metaphor (almost) aside, there’s another industry near and dear to the Faster Payments Tracker ’s heart, and it’s also producing sequels these days. payment system has embarked on the financial equivalent of a film trilogy with its Same Day ACH initiative, an initiative which will bring big changes to the ACH Network.
PYMNTS
JUNE 6, 2017
And how fast will people get used to fast — as in faster payments? NACHA, with its Same Day ACH offering, is leading the charge for faster payments in the U.S., That year “as a whole,” said Estep, “showed both the continued growth as well as the evolution of the ACH network.”. How fast is fast enough?
PYMNTS
FEBRUARY 7, 2017
NACHA wants to quell any anxieties about the rollout of Same Day ACH, and the latest data from the payments group should breathe new confidence in banks that have adopted the technology. The association released the latest data on the rollout of Same Day ACH thus far with a new report today (Feb.
The Fintech Times
MAY 3, 2025
To offer businesses seamless, efficient and cost-effective cross-border transactions, Cross River Bank , a tech infrastructure provider that offers embedded financial solutions has announced the launch of its new International Payments solution.
PYMNTS
SEPTEMBER 15, 2017
In payments, some rollouts come with fanfare. In an interview with PYMNTS’ Karen Webster, Jane Larimer , chief operating officer at NACHA , said that the implementation of Phase 1 of Same Day ACH has gone smoothly, with a live debut last September. We’re seeing robust use of same-day ACH credits,” said Larimer.
PYMNTS
AUGUST 24, 2017
There’s much to look forward to as the September rollout of Phase 2 of Same Day ACH (Debit Pull) looms, but David Barnhardt, executive vice president of full-service payment and verification solutions provider GIACT , thinks there’s just as much reason for caution. “I Leave Legacy Behind. Don’t Be Used by Use Cases.
PYMNTS
APRIL 5, 2019
Small business lending platform OnDeck is accelerating access to capital for its users through the launch of a same-day funding option. And with our Same-Day ACH service, we have demonstrated again our commitment to relentlessly innovating on behalf of small businesses to provide our customers with faster service.”
PYMNTS
MAY 7, 2018
Accelerating payments mean financial institutions have less time to identify fraud before a transaction clears and settles. With Same-Day ACH now a reality in the U.S., In its analysis of the Same-Day ACH rollout, NACHA found no evidence that it led to an increase in fraud attempts or successful breaches.
PYMNTS
NOVEMBER 9, 2017
Fourteen months since the Phase 1 roll out, 43 percent of financial institutions (FIs) now allow businesses to originate same-day ACH credit. Fifty-five percent of these FIs see emergency payroll as a very or extremely important SDA credit use case, and 41 percent see loan payments as the top SDA debit use case.
Payments Source
JUNE 27, 2017
Particularly at risk are service providers with high volumes of automated or customer-initiated debit payments, such as cell phone service providers, utilities, cable companies, insurance, and retailers.
Payments Dive
FEBRUARY 23, 2023
Last year’s same-day ACH limit increase helped nearly double that category’s total payment compared to 2021, Nacha said.
PYMNTS
SEPTEMBER 21, 2016
In just a matter of days, the payments industry will see a significant — and ubiquitous — change in the way payments are sent and received. Same Day ACH will create a new option for faster payments for all the banks and credit unions across the U.S. What’s Under The Faster Payments Umbrella?
PYMNTS
DECEMBER 12, 2017
2 million | Number of Same Day ACH transactions made in the first 11 days of Same Day ACH’s availability, according to NACHA’s statistics. Those statistics also stated more than 178,000 Same Day ACH transactions were made per day, accounting for a total of approximately $1.5
PYMNTS
JANUARY 28, 2020
When it comes to payment rail innovation, transaction speed is often the catalyst driving change. ’s newest real-time payment rails, the RTP network, is looking to expand the opportunity for payers to use the faster payment rail by increasing transaction limits. Same-Day Boosts ACH Adoption.
Payments Source
JANUARY 25, 2017
Direct deposit transactions accounted for 52% of all transactions processed through the speedier system.
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