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

In an age where faster is a hallmark of, well, everything, it follows that the same should be true of payments. Said Herd, additional findings reveal that there are some institutions that would like to offer Same Day ACH to their customers, but the processors or vendors that they rely on haven’t enabled it yet.

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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

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

FEBRUARY 21, 2017

The suggestion, then, was to use tokenization to ascertain account validity and funds availability in consumers’ accounts, using API calls from the merchant. As for the Same Day ACH initiative launched late last year, the executive noted that employers can complete critical deposits, such as payroll, done without errors or delays.

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PYMNTS

NOVEMBER 21, 2016

Same Day ACH payments are gaining traction right out of the gate, with nearly $5 billion and 3.8 Sezzle started in January, and we knew that Same Day ACH would be coming since the start of the business,” he said. So, this Same Day ACH is going to improve ACH [as a process] dramatically.

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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. Funds availability speed is expanded for some transactions and ACH credits.

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PYMNTS

APRIL 8, 2016

Same Day ACH credits will be rolled out starting Sept. 23, 2016, followed by Same Day ACH debits in 2017, and then faster ACH credit funds availability requirements for RDFIs as the third phase. The next six months. In the U.S. faster payments will be here before we know it. .

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PYMNTS

MAY 22, 2018

The fact remains that all disbursements by businesses are still done, largely, through legacy means, as 80 percent of firms still send checks or use first-generation ACH — and don’t confuse Same-Day ACH with instant, as it is fast, indeed, but not that fast.

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PYMNTS

APRIL 24, 2018

Indeed, faster payment initiatives like Same-Day ACH may not be groundbreaking advancements in B2B payments (yet), but when it comes to payroll, experts and employers agree there is an opportunity for faster payments to make their mark.

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Nanonets

SEPTEMBER 8, 2023

In contrast, ACH transactions may take 3 to 4 business days to settle due to the need for batching and clearance processes, which introduce delays in fund transfers. For senders, ACH transfers offer a bit more safety, with potential reversals in cases of fraud or payment errors, primarily determined by banks.

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PYMNTS

SEPTEMBER 17, 2018

Just like we’re seeing on the retail side of payments, innovators are leveraging the ubiquity of the business bank account to build solutions that deliver the certainty that corporates say they want and need when making and receiving payments from other businesses and making those funds move faster as well.

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PYMNTS

MARCH 7, 2016

the financial services industry has worked itself into a lather to move heaven, earth and 13K banks toward a faster payments solution — or should I say solutions — that would allow originating banks to move money to a receiving bank and for that receiving bank to make those funds available to those consumers instantly.

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