Remove ACH Network Remove End User Remove Good Funds
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Breaking Down The Faster Payments Construct

PYMNTS

Same Day ACH will create a new option for faster payments for all the banks and credit unions across the U.S. Two new same-day settlement windows will be added to the ACH Network, which will increase the actual movement of funds between all those financial institutions from once a day (at the beginning of the day) to three times a day.

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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

Also keen on the Fed’s involvement were the community banks and credit unions that worry (as they should) about having TCH as the only operator of an RTP network in the U.S. and one of two operators of the ACH network in the U.S., TCH is the association of the 25 largest banks in the U.S., the other being the Fed.