Last year financial institutions, businesses, and consumers whouse the Automated Clearing House network for payment processinggained the ability to send and receive same-day ACH credits.Companies found this capability quite useful and soon were engagingin nearly 200,000 of these transactions daily, according toNACHA, a nonprofit thatadministers and facilitates ACH payments. And in a TD Banksurvey at the 2017 NACHA Payments conference, 40 percent ofcorporate finance professionals said that same-day ACH is among thetop tools for getting paid quickly and lowering the costs of thefinance function.

Following on the success of same-day ACH credits, the secondphase of same-day ACH processing will enable originators to submitsame-day debit requests beginning this Friday, September 15, 2017.As with the credits, same-day debits will be limited to domestictransactions of $25,000 or less.