First Phase of Same-Day ACH Processing Totals $17 Billion

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By Michael Trimarchi

Same-day processing of Automated Clearing House payments totaled about $17 billion during the program's first three months of operations in 2016, the National Automated Clearing House Association (NACHA) said Jan. 24.

More than 13 million electronic credit transactions, or about 194,000 a day, were made from Sept. 23 to Dec. 31, 2016, averaging $1,283, the association said on its website.

Direct deposits made up the highest number of same-day ACH payments, 52 percent, with 6.8 million transactions, the association said. The transactions, which included emergency payroll and pension payments, totaled $5.9 billion.

Business-to-business payments made up 32 percent of same-day volume, with 4.1 million transactions totaling $8.8 billion.

“In its first three months of operation, same-day ACH has proven that it is a valuable faster payment solution for a variety of users, including businesses, consumers, and financial institutions,” said Janet O. Estep, president and chief executive officer of NACHA.

With the first phase of the three-stage implementation program completed, employers, banks and processors should ensure they are prepared for phase two of the same-day processing program, which starts Sept. 15, the association said.

Same-day payment processing through the automated clearing house was approved May 19 by the association's voting members. The members allowed for same-day processing of virtually any ACH payment, which allows employers, government agencies and consumers to quickly send funds. The members agreed to a three-stage phase in.

The goal of the program is to ease the ability of employers paying employers quickly and to streamline compliance with wage-payment requirements, especially for next-day termination pay. Nine states have requirements to pay discharged employees immediately upon termination, with limited exceptions: California, Colorado, Hawaii, Illinois, Massachusetts, Minnesota, Missouri, Montana and Nevada.

To contact the reporter on this story: Michael Trimarchi in Washington at

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