Search
 
Analysis

Same-Day ACH Debits

Getting ahead of the next phase of same-day ACH.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Last year financial institutions, businesses, and consumers who use the Automated Clearing House network for payment processing gained the ability to send and receive same-day ACH credits. Companies found this capability quite useful and soon were engaging in nearly 200,000 of these transactions daily, according to NACHA, a nonprofit that administers and facilitates ACH payments. And in a TD Bank survey at the 2017 NACHA Payments conference, 40 percent of corporate finance professionals said that same-day ACH is among the top tools for getting paid quickly and lowering the costs of the finance function.

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

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

Recommended Stories

The Ins and Outs of In-house Banking

Peter Wolf |

How regulatory and technological changes of the recent past have made the benefits more accessible to a broader swath of businesses.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.