PYMNTS

MARCH 13, 2019

NACHA, national administrator of the ACH network, said a third processing window for same-day transactions will be postponed for six months until the Federal Reserve Board of Governors (Fed Board) approves the initiative. The passage was contingent upon the approval of the Federal Reserve Board by June 30 of this year.

Same Day ACH 76

Same Day ACH NACHA ACH Fed 76

PYMNTS

MARCH 18, 2019

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. This delay was initiated by the Fed.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

DECEMBER 19, 2019

Banks were told about a “disruption” in the automated clearing house (ACH) network that brought about delays in settlements, CNN reported. The Fed noted at 10:31 a.m. However, the Fed said in a statement per the report that tech staff still are still looking into the problem’s fundamental cause. The biggest U.S.

Direct Deposit 52

Direct Deposit Fed Federal Reserve ACH 52

Payments Source

MARCH 15, 2019

Nacha's request to the Fed to extend submission times for its Same-Day ACH network was far from routine for two organizations that had worked together for decades.

Same Day ACH 65

Same Day ACH NACHA ACH FedWire 65

PYMNTS

AUGUST 12, 2019

That’s the talk track now from the Fed , which a week ago today announced its plans to build and operate a new set of real-time rails, using accelerated access to employer paychecks as its launch use case. It’s also not why the Fed decided to enter the real-time payments fray. The Fed’s Not-so-Fast Ambitions. financial system.

Real Time Payments 78

Real Time Payments FedNow TCH Fed 78

PYMNTS

MAY 10, 2019

13, 2018, NACHA , the rules and standards body for the ACH network, announced that its voting members had approved amendments to the NACHA Operating Rules & Guidelines to establish a third Same Day ACH processing and settlement window,” the Federal Reserve wrote in the announcement. “On Sept.

FedWire 51

FedWire Same Day ACH Federal Reserve Nacha Operating Rules 51

PYMNTS

DECEMBER 23, 2019

A Hiccup at the Fed Shakes Direct Deposits . 19) for direct deposits and other financial transactions due to a “disruption” in the automated clearing house (ACH) network. 19) for direct deposits and other financial transactions due to a “disruption” in the automated clearing house (ACH) network.

Venmo 52

Venmo Zelle Direct Deposit Federal Reserve 52