Remove ACH Entry Remove Debit Transaction Remove Rules
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Taking The Y2K Fear Factor Out Of Same Day ACH

PYMNTS

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.

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ACH SEC Codes

Payment Savvy

The ACH network (Automated Clearing House network) allows banks to work with each other without the need to have their own network. Instead, they are under the jurisdiction of NACHA (The National Automated Clearing House Association), which establishes the rules and regulations that all the institutions that are part of the network follow.