Payment Savvy
NOVEMBER 10, 2022
RCK – this is a single entry debit transaction that is used by institutions to present a check that has already gone through the check collection system but has been returned for whatever reason (in most cases insufficient or uncollected funds). . The request is then sent to an ACH operator.
PYMNTS
APRIL 6, 2017
Phase One of the Same Day ACH rollout that made credit transfers a reality was completed last year. Phase Two, which will allow debit transactions on the same day, 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.
Expert insights. Personalized for you.
52 
Let's personalize your content