PYMNTS

SEPTEMBER 15, 2017

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. That assertion is backed up by the numbers.

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PYMNTS

DECEMBER 13, 2017

It has been 14 months since the first phase of Same Day ACH credits debuted, and in numbers via a joint study by PYMNTS and NACHA, business origination of Same Day ACH credit has been significant, with clear trends in place that show healthy use and demand. For some firms, Same Day ACH remains a matter of prioritization.

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PYMNTS

SEPTEMBER 7, 2017

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. In anticipation of the rollout of Same Day ACH Phase 1, Steele said the financial services industry treated the change as a “Y2K-type” event.

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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. However, 25 percent of FIs still do not offer SDA origination to business customers, given the lack of support from core processors and software providers, who have yet to make these features available.

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PYMNTS

APRIL 6, 2017

Phase One of the Same Day ACH rollout that made credit transfers a reality was completed last year. The third phase, which will usher in faster ACH credit funds availability, is on track to occur in March 2018. And it’s only getting started.

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PYMNTS

JUNE 25, 2020

“Sending out a check requires policyholders to wait for a week, sometimes longer, to get much-needed funds after an accident or crisis. The space recorded a 66 percent increase in net income, hitting $60 billion in 2018, for example, and the first half of 2019 saw individual insurer Lloyd’s report a $2.8 billion profit.

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PYMNTS

SEPTEMBER 21, 2018

Augmented reality (AR) and virtual reality (VR) have spent much of 2018 generating buzz as a potential tool for retailers looking to bridge the digital/physical gap and deliver an all-encompassing, omnichannel shopping experience. Same-day ACH: NACHA expanded the offering to all FIs and customers, and expanded a number of service offerings.

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