PYMNTS

MARCH 18, 2019

Last week, NACHA issued an ACH operations bulletin announcing the delay of the rollout of a third Same Day ACH (SDA) processing window by six months, to March 19, 2021. A third settlement window was part of NACHA’s original announcement in May of 2015 , of the unanimous adoption of SDA by all of the FIs in the U.S.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

Nanonets

MARCH 30, 2023

Common challenges include human error, time-consuming tasks, lack of transparency, security risks, and reduced productivity. Automating payment processes reduces the risk of errors, speeds up payment processing time, improves transparency, enhances security, and increases productivity. How does payment automation work?

Automation 52

Automation Transactions Wire Transfer ACH 52

Payment Savvy

NOVEMBER 10, 2022

When it comes to an ACH transaction, there are two main participants. There’s the ODFI, which stands for Originating Depository Financial Institution, and there’s the RDFI, which stands for Receiving Depository Financial Institution. ACH Payments vs. Other Payment Methods. The request is then sent to an ACH operator.

SEC Codes 52

SEC Codes ACH ODFI Wire Transfer 52