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The biggest firms in the nation are gearing up for samedayACH payments – an eventuality that could hit in September of this year. Firms are looking to use ACH across payroll and B2B functions. As smaller institutions prepare to receive same-day payments, they spot business opportunities.
Phase One of the SameDayACH rollout that made credit transfers a reality was completed last year. Phase Two, which will allow debit transactions on the sameday, is planned for September 2017. The third phase, which will usher in faster ACH credit funds availability, is on track to occur in March 2018.
By Wanda Downs, AAP, APRP, NCP, Senior Vice President, Payments Education, ePayResources Nacha’s Accredited ACH Professional (AAP) and Accredited Payments Risk Professional (APRP) programs both hit milestone anniversaries in 2023, celebrating 30 years and 5 years, respectively. There are currently more than 500 APRPs nationwide.
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