PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

More is Better When It Comes to Same Day ACH

By Sarah Grotta
September 18, 2018
in Analysts Coverage, Commercial Payments, Credit, Debit, Faster Payments
0
4
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Same Day ACH

Same Day ACH

With the success of the rollout of Same Day ACH, the membership of NACHA has just approved the proposed rules change to provide another Same Day ACH processing window and to expand the processing day by 2 hours.  NACHA summarized in their announcement the details of the changes:

Expanding Access to Same Day ACH

  • Creates a third Same Day ACH processing window that expands Same Day ACH availability by 2 hours
  • Currently, the latest that an ODFI can submit files of Same Day ACH transactions to an ACH Operator is 2:45 p.m. ET (11:45 a.m. PT)
  • The new window will allow Same Day ACH files to be submitted until 4:45 p.m. ET (1:45 p.m. PT), providing greater access for all ODFIs and their customers

Providing Faster Funds Availability

  • Establishes additional funds availability standards for ACH credits
  • Funds from Same Day ACH credits processed in the existing, first processing window will be made available by 1:30 p.m. ET
  • Funds from non-Same Day ACH credits will be available by 9:00 a.m. on the Settlement Date, if the credits were available to the RDFI by 5:00 p.m. on the previous day (i.e., apply the existing “PPD rule” to all ACH credits)

The three new rules have different effective dates. The faster funds availability rule will become effective on Sept. 20, 2019 and the new Same Day ACH processing window with expanded hours will go into effect on Sept. 18, 2020. 

In addition to providing more access and an expanded processing day, NACHA has also expanded the per transaction dollar limit from $25,000 to $100,000.  Financial institutions don’t have to provide the full $100,000 to their customers, but for those businesses that have a good risk profile, the expanded capacity will be useful and may offer an alternative to more expensive wire transfers.

I’ll say it again, Same Day ACH is not a real-time, faster payment, but for many use cases, it may be the “fast enough” transaction option and impact the development of other faster payment types just being launched.

Overview by Sarah Grotta, Director, Debit and Alternative Products Advisory Service at Mercator Advisory Group

4
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tags: ACHNACHA

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    ai phishing

    The Fraud Epidemic Is Testing the Limits of Cybersecurity

    February 6, 2026
    stablecoins b2b payments

    Stablecoins and the Future of B2B Payments: Faster, Cheaper, Better

    February 5, 2026
    Payment Facilitator

    The Payment Facilitator Model as a Growth Strategy for ISVs

    February 4, 2026
    Simplifying Payment Processing? Payment Orchestration Can Help , multi-acquiring merchants

    Multi-Acquiring Is the New Standard—Are Merchants Ready?

    February 3, 2026
    ACH Network, credit-push fraud, ACH payments growth

    What’s Driving the Rapid Growth in ACH Payments

    February 2, 2026
    chatgpt payments

    How Merchants Should Navigate the Rise of Agentic AI

    January 30, 2026
    fraud passkey

    Why the Future of Financial Fraud Prevention Is Passwordless

    January 29, 2026
    payments AI

    When Can Payments Trust AI?

    January 28, 2026

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2024 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result