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NACHA Postpones Same-Day ACH Window Due To Fed Board

PYMNTS

As of the date of this Operations Bulletin, that public comment notice has not been issued, and the Fed Board has not informed NACHA when that might happen.”. ET (1:45 p.m. PT), providing greater access for all ODFIs and their customers.”. The new rule was agreed upon and passed on Sept. 13, 2018, and given an effective date of Sept.

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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

Connecting these two dots suggests a few important things that, for banks and card networks, might be the 2020 hindsight that could have come in handy had they stopped to look backwards a few years ago: That the Fed has much more than a passing interest in how faster payments are run in the U.S. A Couple of Important Dots.