ACH Operations Real Time Payments Same Day ACH 
PYMNTS
MARCH 18, 2019
Take two announcements from just last week, related to the evolution of faster payments in the U.S. First, there was the Fed’s decision to slow faster payments progress via Same Day ACH because it wasn’t ready to approve another processing window during the day. Faster Payments Is Happening, Fast.
Payment Savvy
SEPTEMBER 5, 2024
They give their bank a request to send funds through the ACH network. The bank then packages this request into a digital file, which gets sent to an ACH operator. This operator acts like a middleman, making sure everything is in order and routing the payment to the right place.
PYMNTS
AUGUST 12, 2019
But for the Fed and its rails, they say, employees will be resigned to the bad old days of antiquated payroll systems that force them to live paycheck to paycheck, and at great financial risk. It’s also not why the Fed decided to enter the real-time payments fray. The Real-Time Payday Reality.
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