PYMNTS

APRIL 6, 2017

Phase One of the Same Day ACH rollout that made credit transfers a reality was completed last year. Phase Two, which will allow debit transactions on the same day, is planned for September 2017. The third phase, which will usher in faster ACH credit funds availability, is on track to occur in March 2018.

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PYMNTS

NOVEMBER 10, 2017

Same-day ACH: Some encouraging stats from joint research from NACHA and PYMNTS. Some 14 months since launch, and among 125 FIs surveyed, 66 percent are making same-day funds available. Speed, it seems, thrills. No respondents have seen a boost in fraud.

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PYMNTS

DECEMBER 13, 2017

It has been 14 months since the first phase of Same Day ACH credits debuted, and in numbers via a joint study by PYMNTS and NACHA, business origination of Same Day ACH credit has been significant, with clear trends in place that show healthy use and demand.

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PYMNTS

FEBRUARY 21, 2017

In last year’s NACHA Challenge Awards , a team competition that fosters payments innovation, Royal Credit Union earned the Audience Choice Award by proposing an API that lets companies validate consumer accounts in real time. “Our Submissions for the 2017 NACHA Challenge Award are now being accepted through February.

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Payment Savvy

MAY 16, 2023

Instant ACH transfers are a modern innovation in digital payments, allowing for near-real-time movement of funds between bank accounts. Unlike traditional ACH transfers, which can take several days to process, instant ACH transfers significantly reduce the waiting time, making funds available to recipients within minutes.

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PYMNTS

FEBRUARY 6, 2018

From employers who use the service for direct-deposit payments to landlords and utility companies that use it to collect rent or monthly bills, same-day ACH has been gaining in popularity and putting a variety of payment types in the fast lane. local time on the day a transfer is initiated, goes live in March.

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PYMNTS

SEPTEMBER 21, 2018

Same-day ACH: NACHA expanded the offering to all FIs and customers, and expanded a number of service offerings. There are new rules in place as transaction windows are expanded by two hours a day and transaction limits are increased to $100,000.

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PYMNTS

AUGUST 30, 2018

for example, the last of three same-day ACH phases was rolled out earlier this year, which requires receiving depository financial institutions to make funds available by 5 p.m. local time on the same day as ACH credits. In the U.S.,

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PYMNTS

APRIL 8, 2016

6, 2015, speaking at the Faster Payments Imperative, NACHA CEO Jan Estep emphasized the need to continue the dialogue about what the concept of faster payments really means. “We Same Day ACH credits will be rolled out starting Sept. Exactly six months ago on Oct. We need to continue to peel away the onion,” Estep said.

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Nanonets

SEPTEMBER 8, 2023

ACH vs Wire: What to choose for payments? ACH and Wire are both Electronic Fund Transfer methods. The batching process of ACH & the clearing entities involved generates the major differences. NACHA for ACH and government-run rails like FedWire & Swift for Wire.

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