PYMNTS

SEPTEMBER 21, 2016

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 Same Day ACH ACH ACH Network 76

PYMNTS

SEPTEMBER 23, 2016

23) marks the launch of Same Day ACH, with three settlement windows enabling consumers and businesses to receive credit, same day, for payments made to them. Same Day ACH and credit push was the first phase of a multi-phased effort to enable faster, more flexible and smarter payments to move between people and businesses.

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Faster Payments Same Day ACH ACH ACH Network 75

PYMNTS

JULY 24, 2017

But recommendation number five is for the Fed to “determine the optimal design of and implement a 24/7/365 settlement service to serve the needs of the faster payments system…and level the playing field.” NACHA has implemented ubiquitous Same Day ACH with credit push and will implement phase two with debit pull in the fall.

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Fed Faster Payments Ubiquitous Same Day ACH 47