Same Day ACH RSS
NACHA—The Electronic Payments Association, the steward and rule maker of the ACH Network, has released results from a March-April 2017 qualitative survey of 24 financial institutions representing two-thirds of ACH origination volume on implementation readiness for Same Day ACH debits on the effective date of Sept. 15, 2017. After the successful rollout of Same Day [...]
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Following four consecutive quarters of more than 5 billion electronic payments in each quarter – a first for the ACH Network – overall volume in 2016 amounted to 25.6 billion transactions, according to new statistics released by NACHA — The Electronic Payments Association. This represents an increase of 5.3% over 2015 volume, and is the [...]
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NACHA released Same Day ACH transaction volume data for October, the first calendar month following Phase 1 implementation on Sept. 23, 2016. Same Day ACH, an industry initiative to move payments faster, was responsible for 3.8 million transactions in October, totaling $4.98 billion with an average transaction amount of $1,303. This data shows strong use [...]
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