PYMNTS

SEPTEMBER 21, 2016

In just a matter of days, the payments industry will see a significant — and ubiquitous — change in the way payments are sent and received. Same Day ACH will create a new option for faster payments for all the banks and credit unions across the U.S. Both are about moving payments faster than they are today.”.

Faster Payments 76

Faster Payments Same Day ACH ACH ACH Network 76

PYMNTS

MARCH 18, 2019

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. The regulator notified NACHA that they need more time to evaluate required changes to their system before giving it the green light.

Faster Payments 80

Faster Payments Fed RTP Same Day ACH 80

PYMNTS

JANUARY 21, 2019

Oddly, the push for faster payments also comes at the same time when payments in the U.S. It didn’t take a regulatory proclamation for Same Day ACH to become ubiquitous in the U.S. – NACHA was able to get all 13,000 banks in the U.S. on board because it offered a solution for use cases where same-day was essential.

Faster Payments 77

Faster Payments Same Day ACH Fed Real Time Payments 77

PYMNTS

OCTOBER 8, 2018

ACH rails now settle same-day, three times a day. NACHA is examining additional windows for weekends and has increased the limits for how much money can be sent over those same-day ACH rails. Instead, it’s a lack of certainty that good funds are on the way — and when they’re expected to arrive.

B2B 76

B2B Same Day ACH Payments ACH 76

PYMNTS

JULY 16, 2018

Businesses wait to be paid by their buyers — not knowing when the money will actually be received, if it is good funds and sometimes how much they’ll get. The task force published its recommendations in 2017, the same year NACHA went live with Same Day ACH across all of the banks in the country.

On-Demand 43

On-Demand Settlement Consumer Real Time Payments 43