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23, the industry welcomed the rollout of ubiquitous faster payments to every consumer and business in the U.S. NACHA’s launch of SameDayACH ushered in three settlement windows, enabling ACHpayments to be received sameday. via all banks and credit unions. The Road To Process Improvement.
“That is definitely the secret sauce, relative to speed and ease of integration, because corporates can disburse payments digitally and reconcile them through their systems as though they sent a check,” said Reed. “It GreenBox POS Adds Same-DayACH Support. It really minimizes the disruption.”.
This “standard for standards” is designed to set the tone for a global financial industry message scheme, but unfortunately it is often misunderstood. The standard isn’t related to any one organization or segment, it was created by the International Organization for Standardization for many global transactions.
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